The stock market experienced a broad selloff on Friday, with all three major indices closing in the red. The S&P 500 fell 1.24% to 7,408.50, the Nasdaq Composite dropped 1.54% to 26,225.15, and the Dow Jones Industrial Average declined 1.07% to 49,526.17. The selloff was driven by a combination of rising oil prices and higher Treasury yields, which fueled inflation jitters. Oil prices surged amid concerns over global supply disruptions, while Treasury yields hit their highest level in a year, reflecting investor concerns about the Federal Reserve's tightening monetary policy. The tech sector was particularly under pressure, with memory names coming into focus as investors assessed the potential impact of higher interest rates on technology stocks.

The overall tone of the session was risk-off, with investors pulling back from riskier assets amid elevated inflation and tightening monetary policy. While the S&P 500 ended the week higher for the seventh straight week, the recent selloff suggests that market sentiment remains cautious. Notable themes from the headlines included the impact of inflation on consumer spending and corporate earnings, as well as the potential implications of higher interest rates for various sectors. Additionally, some articles highlighted the volatility in the market and the potential for major changes as experts predicted a shift in market dynamics.