NEW YORK, June 24 (Xinhuanet) -- Wall Street stocks fell Friday asinvestors were dominated by concerns that energy costs would soon eat into corporate profits.

    The Dow Jones industrial average fell 123.60 points, or 1.19 percent, to 10,297.84 points. The Standard & Poor's 500 index shed9.16 points, or 0.76 percent, to 1,191.57 points. The Nasdaq composite index declined 17.93 points, or 0.84 percent, to 2,053.27 points.

    For the week, the Dow fell 325.23 points, or 3.06 percent, S&P 500 shed 25.39 points, or 2.09 percent, and the Nasdaq lost 36.84 points, or 1.76 percent.

    On Friday, economic reports were not positive enough to bolsterinvestors' confidence. Crude oil prices set another record high of 59.84 dollars a barrel, the highest close in more than two decades. With few earnings data and a relative dearth of economic news, oil had been the market's focus for nearly entire week.

    In corporate news, Citigroup Inc. gained 7 cents to 46.95 dollars after announcing a 3.7 billion-dollar deal to swap most ofits asset-management business for the brokerage business of Legg Mason Inc. Legg Mason climbed 13.01 dollars to 98 dollars on the news.

    CNOOC Ltd.- China National Offshore Oil Corporation,Ltd.- shed 25 cents to 54.90 dollars, Chevron Corp. fell 64 cents to 56.69 dollars, while Unocal Corp. climbed 66 cents to 65.68 dollars. CNOOC and Chevron were both competing to acquire Unocal, a California-based US oil company.

    On the NYSE, declining stocks outnumbered advancers about 5 to 3 and the trading volume was 2.49 billion shares.

    In late New York trading, the euro rose to 1.2095 dollars from 1.2033, and the British pound climbed to 1.8221 dollars from 1.8154 late Thursday. The dollar was buying 109.13 yen, up from 108.83, 1.2741 Swiss franc, down from 1.2794, and 1.2328 Canadian dollars, up from 1.2327 late Thursday. Enditem