U.S. stocks finished a volatile week with fresh losses Friday as the S&P 500 fell 1.3% and NASDAQ 1.5%. Worries about European debt continue to resurface, as did some angst over Chinese economic growth.
- The Labor Department said consumer prices increased 0.3 percent last month. Gasoline prices rose 1.7 percent. Core inflation, which strips out food and energy prices, climbed 0.2 percent, pushed higher by rising rents, medical care costs and used car prices.
- Workers' earnings fell 0.4 percent in March after adjusting for the increase in prices.
- The Thomson Reuters/University of Michigan survey showed U.S. consumer sentiment slipping modestly in early April as higher gasoline prices hit household budgets even as optimism about the economic outlook lifted consumers' expectations.
Gold fell $20.40 to finish at $1,660.20 an ounce, while silver dropped $1.135 to $31.39 an ounce. Crude oil fell 81 cents to finish at $102.83 per barrel.
France's CAC-40 closed down 2.5%, while Germany's DAX shed 2.45. The British FTSE 100 dropped 1.05 percent.
- The yield on Spain's 10-year government bond rose to 5.93 percent, and Italy's rose to 5.52 percent.
Chinese stocks edged up 0.3%, while Japan gained 1.2%.
- Data showed that China's economy expanded 8.1 percent in the first quarter, a rate that was slower than expected and the country's weakest pace in nearly three years.