Trader's Highlight

DJI-NEW YORK, May 14 (Reuters) - U.S. stocks fell on Friday on a combination of weak earnings from retailers, Senate backing for limits on credit card fees and concerns over the sustainability of European public debt.

Bank and credit card companies' shares slumped a day after the Senate voted to limit fees charged on credit and debit card transactions. The limits added to fears that beefed-up financial reform legislation could hurt profits in the sector. Visa's stock fell almost 10 percent. have trade -- three of those four were hit," he said.

The Dow Jones industrial average <.DJI> dropped 162.79 points, or 1.51 percent, to end at 10,620.16. The Standard & Poor's 500 Index <.SPX> fell 21.76 points, or 1.88 percent, to 1,135.68. The Nasdaq Composite Index <.IXIC> lost 47.51 points, or 1.98 percent, to close at 2,346.85.

NYMEX-NEW YORK, May 14 (Reuters) - U.S. crude oil futures ended lower for the fourth session in a row on Friday and extended losses for the second straight week on concerns the euro zone recovery may be stifled and amid high U.S. oil inventories.

Traders also were rolling positions on the NYMEX front-month June contract ahead of its expiration on May 20, to the July contract, also adding pressure.

On the New York Mercantile Exchange, June crude settled down $2.79, or 3.75 percent, at $71.61 a barrel, the lowest close since Feb. 5's $71.19. It traded between $70.83, lowest since Feb. 8's $70.77 low. The day's high hit $74.13.

CBOT-CHICAGO, May 14 (Reuters) - Chicago Board of Trade grains and soy complex close on Friday.

CBOT-SOYBEANS - May expired down 12-1/2 cents per bushel at $9.48. July down 11 cents per bushel at $9.53-1/2. Weighed down by firm dollar, lower crude oil, low April soy crush number in Friday's NOPA crush report and plentiful global supply of soybeans.

CBOT-SOYOIL - May expired down 0.63 cent per lb at 37.17 cents per lb. July down 0.54 cent per lb at 37.51. Following soy and lower crude oil.

FCPO-JAKARTA, May 14 (Reuters) - Malaysian palm oil futures fell to the lowest close in more than three months on Friday as concerns over the outlook for Europe's economies rattled the market despite a weaker ringgit, traders said.

U.S. crude oil fell to a three-month low near $73 a barrel on Friday, dragged down by higher U.S. crude inventories and concerns that the European debt crisis would curb future energy demand growth. A stronger dollar also reduced the purchasing power of other currency holders for oil. [O/R]

The benchmark July crude palm oil futures on Bursa Malaysia Derivatives Exchange fell 0.61 percent, or 15 ringgit, to 2,457 ringgit ($783.7) a tonne -- the lowest close since February 2.

REGIONAL EQUITIES-BANGKOK, May 14 (Reuters) - Thai stocks eked out slim gains on Friday as investors bought beaten shares with positive corporate earnings, although political violence continued to dent broader market sentiment.

The index earlier fell to its lowest in two weeks as anti-government protesters battled troops attempting to seal off their encampment after an assassination attempt on a renegade general unleashed a new wave of violence.

Singapore <.FTSTI> slid 0.4 percent, with Singapore Telecommunications down 0.3 percent, extending its fall on Thursday after Southeast Asia's biggest telco warned of lower earnings from Singapore and India in the coming year.

Malaysia <.KLSE> was off 0.6 percent, while Sime Darby fell 4.6 percent after Sime said it had asked its chief executive officer, Ahmad Zubir Murshid, to take a leave of absence ahead of the expiry of his contract on Nov. 26, 2010. Analysts are upbeat on earnings outlook of listed firms after Malaysia recorded first quarter GDP growth of 10.1 percent, beating expectations.