Stock market today: Wall Street recoils after good news on the economy raises inflation worries

NEW YORK (AP) — U.S. stocks fell Friday on worries that good news on the job market may be too good and prove to be bad for Wall Street by keeping inflation and interest rates high.

The S&P 500 tumbled 1.5% to close its fourth losing week in the last five. The Dow Jones Industrial Average dropped 696 points, or 1.6%, and the Nasdaq composite sank 1.6%.

Stocks took their cue from the bond market, where yields leaped to crank up the pressure after a report said U.S. employers...