Stocks fall broadly on Wall Street as inflation worries grow

Stocks ended broadly lower on Wall Street, leaving most major indexes in the red for the week, as more concerns emerged about inflation. Markets fell after a report showed U.S. consumers raising their expectations for inflation, yet another signal that the Federal Reserve will have to continue aggressively raising interest rates. The strategy raises the risk of a recession. The S&P 500 fell 2.4% Friday. The Dow fell 1.3% and the Nasdaq gave back 3.1%. The yield on the 10-year Treasury note, which influences mortgage rates, is near the highest it’s been since 2008.