US Stocks end lower on mounting inflation worries

Synopsis U.S. stocks declined Friday as rising crude prices fueled global inflation fears, pushing Treasury yields higher and making equities less attractive. The Trump-Xi summit yielded few results, while Jerome Powell’s tenure as Fed chair concluded amidst concerns about sticky inflation and potential rate hikes. Energy shares saw gains, but the broader market retreated from AI-driven highs. U.S. stocks retreated from artificial-intelligence-fueled record highs on Friday, as spiking crude prices ignited global inflation fears. All three major U.S. stock indexes veered sharply lower, each shedding more than 1% as a jump in benchmark Treasury yields, reflecting surging energy prices and…