U.S. stocks fell and bond yields rose as new data on consumer sentiment was slightly below expectations, raising fresh questions about the pace of economic growth and the inflation outlook.
The S&P 500 dropped 40.76 points, or 0.9%, to 4432.99, pushing the index into the red for the week. The Nasdaq Composite fell 137.96 points, also losing 0.9%, to 15043.97 and the Dow Jones Industrial Average declined 166.44 points, or 0.5%, to 34584.88.