US equities fell for a third straight session, pressured by rising bond yields as the economy expanded at its fastest pace in two years. The S&P 500 and Nasdaq each slipped 0.5%, while the dollar index strengthened 0.6% to 98.45, a two-week high.
Attention now turns to the personal consumption expenditures price index, the Federal Reserve’s preferred inflation gauge, due later today. Economists expect a 2.9% increase, making it the most closely watched data release of the week.
Gold held near record highs around $3,750 an ounce, while oil steadied after climbing to a two-week high on Thursday.
On the geopolitical front, tensions remain elevated between NATO and Russia, keeping investors cautious amid persistent geopolitical risks.