Nasdaq down 1 pct as Wall St losses accelerate

NEW YORK (Reuters) - U.S. stocks extended losses on Friday, with the Nasdaq Composite down 1 percent after a Spanish region asked Madrid for financial aid, rekindling fears about Europe's economic crisis and prompting traders to cash in recent gains.

The Dow Jones industrial average <.DJI> fell 101.68 points, or 0.79 percent, to 12,841.68. The S&P 500 Index <.SPX> dropped 10.92 points, or 0.79 percent, to 1,365.59. The Nasdaq Composite <.IXIC> lost 29.39 points, or 0.99 percent, to 2,936.51.

(Editing by Dave Zimmerman)