U.S. stocks extended losses on Friday as shares of Goldman Sachs fell after the U.S. Securities and Exchange Commission said it charged the bank with fraud over subprime-related financial products.

* Indexes were already lower after a slew of big company earnings, including Google and GE , failed to meet heightened expectations prompted by optimism about an improving economy. Goldman shares dropped about 10 percent to $166.47.

* The Dow Jones industrial average <.DJI> lost 74.82 points, or 0.67 percent, to 11,069.75. The Standard & Poor's 500 Index <.SPX> dipped 14.75 points, or 1.22 percent, to 1,196.92. The Nasdaq Composite Index <.IXIC> fell 23.44 points, or 0.93 percent, to 2,492.25.

(Reporting by Leah Schnurr; editing by Jeffrey Benkoe)