Wall Street dropped for the first time in three days on Friday, led by financial companies, on concern that banks will be saddled with more credit-market losses and the Federal Reserve won't cut interest rates enough to stimulate growth.

JP Morgan Chase and Citigroup dragged banks lower after an analyst said Fortis, Belgium's biggest financial services company, faced additional write downs from mortgage-backed securities.

Speculation that Sub prime losses are worsening erased gains from the initial rally fuelled by better-than-expected earnings by Microsoft and Caterpillar. Signs that the job market may have further to fall added to the market's anxiety on Friday.

At the end of trade Dow Jones shut shop at 12207, 171 points down and Nasdaq closed at 2326 down nearly 35 points.

A look at how the Indian ADRs performed:

Name Infosys Sify Rediff.com India Satyam Wipro ICICI Bank HDFC Bank MTNL VSNL Dr Reddy's Lab Tata Motors Patni Computer Sterlite Ind

Symbol INFY SIFY REDF SAY WIT IBN HDB MTE VSL RDY TTM PTI SLT

Price 39.25 4.66 10.70 25.39 11.95 62.26 118.3 6.892 27.18 14.92 18.23 14.21 20.52

Change -0.10 0.06 1.17 -0.34 -0.35 3.20 2.67 0.162 -0.37 -0.95 0.49 1.78 0.49

Change% -0.25% 1.30% 12.28% -1.32% -2.85% 5.42% 2.31% 2.41% -1.34% -5.99% 2.76% 14.32% 2.45%

Volume 3,578,649 177,636 288,105 2,987,762 653,781 3,556,022 458,689 349,200 157,800 1,273,400 796,623 125,100 1,388,852

High 40.70 4.84 10.88 26.07 12.79 64.40 122.85 7.25 29.10 15.33 18.68 14.29 21.47

Low 38.72 4.61 9.66 25.07 11.90 61.30 115.63 6.86 26.80 14.85 17.96 13.39 20.33