The New York Stock Exchange's broad S&P 500 index fell 2.0 percent on Friday. Thus, the increase from the beginning of the week had been erased, and the index has now fallen five of the last six weeks.
Nasdaq's composite index lost 2.7 percent and the Dow Jones industrial index fell 1.7 percent on Friday. Calculated over the entire past week, the S&P 500 fell 1.5 percent, Nasdaq 2.5 percent, and Dow Jones 1.0 percent.
It was, among other things, concern about the American inflation development in March that weighed on the stock market. In addition to a higher inflation figure than expected, statistics on private consumption were also presented, which were worse than analysts had predicted.
Besides hotel and airline stocks, for example, the clothing company Ralph Lauren fell 3.9 percent. The sports clothing brand Lululemon was hit the hardest, plummeting 14.2 percent after the company's interim report.
