Stocks Trim May Gain amid Economic Worries

U.S. stocks fell on Friday as traders grew increasingly anxious over the state of the global economy. At close, the Dow Jones Industrial Average dropped 115.44 points, or 0.64%, to 18,010.68 and ended the week 1.2% lower. The S&P 500 fell 13.40 points, or 0.63%, to 2,107.39 and lost 0.9% over the week. The Nasdaq Composite was down 27.95 points, or 0.55%, to 5,070.03 and posted a 0.4% loss over the week.

The United States warned on Friday of a possible accident for the world economy if Greece and its creditors miss their June deadlines to avert a debt default. Germany said there was no sign of a breakthrough.

Apple Inc has acquired Metaio, a German company whose technology melds real-world imagery and computer-generated elements into moving video presentations, according to a corporate filing.

Airbus Group SE, Europe’s largest aerospace company, is establishing a venture capital arm in Silicon Valley along with a business innovation center headed by an ex- Google Inc. executive as it tries to maintain a technology edge in the face of a new breed of potential rivals.