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Wall St lower after Obama speech, ECB discord


    NEW YORK (Reuters) - Wall Street stocks tumbled on Friday as the surprise resignation of a European Central Bank executive board member and skepticism over President Barack Obama's economic stimulus spending plans weighed on sentiment.

    The Dow Jones industrial average dropped 233.93 points, or 2.07 percent, to 11,061.88. The Standard & Poor's 500 Index dropped 22.55 points, or 1.90 percent, to 1,163.35. The Nasdaq Composite Index dropped 36.24 points, or 1.43 percent, to 2,492.90.