U.S. markets slipped Friday morning after the Bureau of Labor Statistics said the consumer price index ticked higher in February.
The annual inflation rate rose to 2 percent after resting at 1.9 percent for three consecutive months.
Markets are poised for a downturn, anyway. The Dow Jones industrial average has closed higher for 10 consecutive days, the longest winning streak in at least 16 years.
In midmorning trading Friday, the DJIA shed 38.90 points or 0.27 percent to 14,500.24. The Standard & Poor's 500 index lost 4.60 points or 0.29 percent to 1,558.63.
The Nasdaq composite gave up 10.95 points or 0.34 percent to 3,247.98.
The 10-year U.S. treasury bonds rose 9/32 to yield 2.003 percent.
Against the dollar, the euro rose to $1.3084 from Thursday's $1.3005. Against the yen, the dollar was lower at 95.54 yen from 96.11 yen.
In Tokyo, the Nikkei 225 gained 179.76 points, 1.45 percent, to 12,560.95.
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