The Dow Jones industrial average <.DJI> lost 74.47 points, or 0.65 percent, to 11,430.15. The Standard & Poor's 500 Index <.SPX> dropped 8.40 points, or 0.69 percent, to 1,201.48. The Nasdaq Composite Index <.IXIC> fell 33.79 points, or 1.30 percent, to 2,570.25.
Sources in Germany's ruling coalition said a weekend meeting will not reach a decision on leveraging the euro zone rescue fund.
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(Editing by Kenneth Barry)