US stocks fall to cap off rocky week as traders weigh bank earnings and stubbornly high inflation
US equities declined on Friday after giving up early gains and failed to continue the previous session's significant advance.
Consumers' expectations for inflation increased for the first time since March, according to statistics released on Friday.
Leading Wall Street banks reported a range of third quarter earnings.
On Friday, US equities fell, giving up early gains and failing to continue the previous session's significant rally.
The major Wall Street indexes suffered losses for the choppy trading week that culminated in mixed earnings reports from big banks.
Despite a series of aggressive rate hikes from the Federal Reserve, the University of Michigan's consumer sentiment survey revealed that inflation expectations increased for the first time in seven months.