U.S. stocks fell Friday with Nasdaq hitting 14-month low on Dell's lower-than-expected revenue report.

On the company news, Dell Inc. said on Friday it expects second- quarter revenue to be about 14 billion U.S. dollars, below the average analyst estimate of 14.23 billion dollars.

The world's largest computer maker attributed the setback mainly to aggressive price cuts in a slowing worldwide commercial market.

The stock has now fallen more than 30 percent so far this year and is trading at its lowest level in five years.

In the closing exchanges, the Dow Jones Industrial Average fell 59.72, or 0.55 percent, to 10,868.38. The Standard & Poor's 500 index lost 8.84, or 0.71 percent, to 1,240.29, and the Nasdaq composite index down 19.03, or 0.93 percent, to 2,020.39, the lowest finish since May 17, 2005.

For the week, the Dow gained 1.2 percent and the S&P 500 added 0.3 percent, while the weakness in tech earnings led the Nasdaq 0. 83 percent lower.

Source: Xinhua