US stocks slumped Friday morning after a decent run across the holiday-shortened week. Investors have pared back gains after Thursday's mixed jobless claims data, which sent the 10-year Treasury yield above 4.6% and reached a seven-month high. The rate fell back modestly on Friday.

Stocks fell in morning trading Friday as Wall Street closes out a holiday-shortened week. The S&P 500 fell 1%. The benchmark index is still on track for a 0.8% gain for the week. The Dow Jones Industrial Average fell 191 points,

U.S. stock index futures slipped on Friday, with another quiet holiday session expected. Wall Street put in a muted performance on Thursday, potentially derailing a Santa Claus rally. With less than an hour remaining ahead of the opening bell,