Stocks fell for the second straight week on concerns about global growth. The S&P 500 dropped 0.6%, while the Dow edged down 0.1% for the week. Abroad, the FTSE All World Ex US fell 1.1% for the week. The yield on the 10-year Treasury edged up over the week to end at 1.37% from 1.34%.
The CPI rose 0.3% in August compared to July, lower than projected and down from the pace of recent months. On an annual basis inflation is up 5.3%.
Several economic indicators in China slowed sharply in August. Retail sales grew 2.5%, significantly short of expectations. Home sales fell and construction starts declined.
US Retail sales rose 0.7% in August, when a decline was expected.
Initial jobless claims rose by 20,000 to 332,000 for the past week.
US consumer sentiment came in slightly below expectations.