Stocks Fall Amid Ukraine Concerns, Inflation Data

US stocks and bond yields sank Friday, as growing tensions between Russia and Ukraine sent investors flocking to safer assets.

The S&P 500 tumbled 2.1% in afternoon trading. The Nasdaq Composite erased 3%. The Dow Jones Industrial Average lost 550 points, or 1.5%. All three major indexes were recently on track to end the week with losses of 1.1% or more.