Wall Street falls on worries over Italy's budget, trade

© Reuters. Traders work on the floor of the NYSE in New York© Reuters. Traders work on the floor of the NYSE in New York

(Reuters) – U.S. stocks pared gains to trade flat on Friday, weighed down by Facebook (NASDAQ:) after the social media company revealed a security issue affecting about 50 million accounts.

At 12:51 a.m. EDT the Dow Jones Industrial Average () was up 8.41 points, or 0.03 percent, at 26,448.34, the S&P 500 () was down 0.66 points, or 0.02 percent, at 2,913.34 and the Nasdaq Composite () was down 2.54 points, or 0.03 percent, at 8,039.43.

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