U.S. inflation stayed higher than expected last month, cooling investor enthusiasm.
The consumer price index rose more than economists had forecast, signaling persistent price pressures.
Major stock indexes fell after the report, with technology shares leading the decline.
The data pushed Treasury yields higher as traders bet the Federal Reserve will keep rates elevated.
Bank of America reported weaker quarterly results, missing analyst estimates for profit and revenue.
The bank cited lower net interest income and rising loan-loss provisions as key drags.
Investment banks, by contrast, collected hefty fees from a surge in AI-related dealmaking and stock offerings.
That split highlights how the AI boom is reshaping Wall Street profits while consumer lenders face strain.
