Dow drops 147pts, Satyam down 6%

US stocks declined on Friday to close at their lowest levels in 19 months after a report showed that employers unexpectedly shed jobs at the steepest rate in nearly five years.

While the Dow dropped 1.2% (147 points) to 11,894, the Nasdaq Composite was down eight points at 2,212.

Indian ADRs, too, declined on Friday. Satyam dropped nearly 6% to $23.37. Infosys, Wipro, ICICI Bank and Genpact also slipped.