NEW YORK (March 12): The S&P 500 slipped on Friday after hitting an all-time high in the prior session, as a spike in US bond yields revived inflation worries and dented appetite for high-growth stocks.

The tech-heavy Nasdaq tumbled 1.3% after rebounding more than 6% over the past three sessions, while the blue-chip Dow, on the other hand, hit its fifth consecutive record high.