Stocks Turn Lower, Bond Yields Stabilize

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U.S. stocks fell and a selloff in government bonds stabilized Friday, after the latest sign that the Federal Reserve will tighten monetary policy aggressively to fight inflation. 

The S&P 500 fell 1.2% in morning trading, while the technology-heavy Nasdaq Composite declined 0.7%. The Dow Jones Industrial Average dropped about 500 points, or 1.4%. On Thursday, major U.S. stock indexes finished with losses. All three indexes were on course to finish the week in the red.