NEW YORK—Wall Street’s shuddering realization that inflation got worse last month, not better as hoped, sent markets reeling on Friday.
The S&P 500 sank 2.9 percent to lock in its ninth losing week in the last 10, and tumbling bond prices sent Treasury yields to their highest levels in years. The Dow Jones Industrial Average lost 2.7 percent, and the Nasdaq composite dropped 3.5 percent.
