U.S. Stocks Drop Amid Wave of Bank Earnings Reports

U.S. stocks fell, with major indexes posting weekly losses, as investors worried that soaring inflation and slowing growth are starting to affect businesses. 

The Dow industrials fell 113.36 points, or 0.3%, to close at 34451.23 Thursday. The S&P 500 lost 54 points, or 1.2%, to 4392.59, a day after the broad index advanced 1.1% to snap a three-day losing streak. The tech-focused Nasdaq Composite dropped 292.51, or 2.1%, to 13351.08, a day after rising 2%.


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