Stocks fell Friday, with Wall Street on track to post a losing week as a rally that carried the broader market in recent months appeared to run out of steam.
The Dow Jones Industrials decreased 153.66 points to pause for lunch at 33,793.05.
The S&P 500 sank 24.72 points to 4,357.17.
The NASDAQ index came off its lows of the morning, but still trailed breakeven by 120.23 points to 13,510.38.
All three major averages are set to break multiweek win streaks. The Dow and S&P 500 have lost more than 1% each since the start of the week. The NASDAQ is also down 1%, on pace to snap an eight-week win streak and post its worst weekly stretch since April.
The pullback was broad-based with more than 450 S&P 500 stocks trading in negative territory. Information technology was the biggest laggard, down more than 1%. Notably, shares of Nvidia, a major AI beneficiary, were down 2%.
Meanwhile, Goldman Sachs declined after CNBC reported the investment bank likely faces a large writedown for its 2021 acquisition of fintech firm GreenSky. The stock was down about 1%, weighing on the Dow.
In contrast, CarMax shares jumped more than 9% after the used car retailer exceeded first-quarter revenue expectations.
Prices for the 10-year Treasury jumped, lowering yields to 3.75% from Thursday's 3.80%. Treasury prices and yields move in opposite directions.
Oil prices fell 66 cents to $68.85 U.S. a barrel.
Gold prices took on $7.90 to $1,931.60 U.S. an ounce.