Stocks fell further on Friday as bank shares were pressured by a court ruling on foreclosures and a drop in Qualcomm Inc dragged the Nasdaq composite index 1 percent lower.

Massachusetts' Supreme Judicial Court upheld a lower court ruling against US Bancorp and Wells Fargo & Co which may cause sales of other foreclosed properties to be invalidated.

The Dow Jones industrial average <.DJI> lost 92.90 points, or 0.79 percent, at 11,604.41. The Standard & Poor's 500 Index <.SPX> fell 11.85 points, or 0.93 percent, at 1,262.00. The Nasdaq Composite Index <.IXIC> dropped 33.44 points, or 1.23 percent, to 2,676.45.

Qualcomm fell 2.2 percent to $51.52.

(Reporting by Rodrigo Campos; Editing by Kenneth Barry)

Qualcomm