A street sign for Wall Street is seen in the financial district in New York, U.S., November 8, 2021.
All of the S&P 500 index's 11 sectors fell in broad-based selling.
The KBW regional banking index (.KRX) was down sharply, while shares of Regions Financial (RF.N) slid to their lowest since March 2020.
The benchmark 10-year Treasury yield fell on Friday, a day after crossing 5% for the first time since July 2007 in the wake of comments by Federal Reserve Chair Jerome Powell.
The third-quarter U.S. earnings season is well under way, with 86 companies in the S&P 500 having reported.
Persons:
Brendan McDermid, Alan Lancz, Alan B, Jerome Powell, Lancz, Caroline Valetkavitch, Shubham Batra, Shashwat Chauhan, Arun Koyyur, Vinay Dwivedi, Richard Chang
Organizations:
Wall, REUTERS, Treasury, Major U.S, Regions, Lancz, Associates Inc, Federal, Nasdaq, Dow Jones, Thomson
Locations:
New York, U.S, Major, Israel, Toledo , Ohio, Gaza, Bengaluru