US stocks slump

NEW YORK — Stocks fell broadly on Wall Street Friday, sending the S&P 500 to its worst weekly loss since February. The index fell 1.3% and gave back 1.9% over the course of the week. Banks and other stocks that soared earlier this year on expectations for the economy and inflation were among the biggest losers. Investors are still recalibrating their moves after the Federal Reserve’s signal this week that it may raise rates sooner than expected.