"U.S. Stocks Slide as Fed Concerns Persist, S&P 500 Records Third Consecutive Weekly Drop"

U.S. stocks ended lower, with the Dow Jones falling for a fourth consecutive day and the S&P 500 and Nasdaq logging a third-straight weekly decline. Rising bond yields, driven by concerns over the Federal Reserve's monetary policy, rocked equities. The S&P 500 and Nasdaq experienced their biggest weekly percentage drop since March. The hawkish tone adopted by Fed Chair Jerome Powell and the possibility of further rate hikes to quell inflation contributed to the market decline. Additionally, weak economic data and concerns over strikes, a potential government shutdown, and student loan repayments added to investor worries.