The Dow Jones industrial average <.DJI> dropped 71.90 points, or 0.62 percent, to 11,505.15. The S&P 500 <.SPX> fell 15.42 points, or 1.26 percent, to 1,209.96. The Nasdaq Composite <.IXIC> lost 53.39 points, or 2.01 percent, to 2,604.04.