The stock market pulled back from record levels during a sleepy Friday session, as a gauntlet of key earnings and inflation reports loomed.
The Dow Jones Industrial Average dropped 279 points, or 0.6%. The S&P 500 was down 0.3%. The Nasdaq Composite was down 0.2%. The S&P and Nasdaq each hit record highs on Thursday.
The yield on the 2-year Treasury note rose to 3.91%, while the 10-year yield rose to 4.42%.