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- US stocks fell sharply following hotter-than-expected Core PCE data on Friday.
- The two-year Treasury yield neared its highest level since 2007.
- The S&P 500 notched its worst-performing week in 2023 as investors retreat from risk assets.
US stocks fell on Friday to close out a losing week, with the S&P 500 notching its worst weekly performance since mid-December.
The Nasdaq Composite and Dow Jones Industrial Average also ended lower as traders digested discouraging January inflation data.
On Friday, core Personal Consumption Expenditures, the US central bank's preferred inflation measure, increased 0.6% in January, higher than economists' estimates.