The Associated Press

Stocks fell Friday, sending the Nasdaq Composite Index to its biggest weekly slide in two years, as concern that interest rates are headed higher trumped better-than-expected earnings from companies such as Procter & Gamble.

Cisco Systems Inc. and other technology shares led the drop.

Investors anticipate the Federal Reserve will raise its key interest rate in the third quarter to fend off inflation. Rising borrowing costs could hurt earnings later this year, said Janna Sampson of OakBrook Investments LLC.

The Nasdaq, which gets 39 percent of its value from computer-related companies, completed its worst month since December 2002.