Stocks are dipping as worries about the banking system outweigh a highly anticipated report that showed pay raises for workers are slowing and other signals that Wall Street wants to see of pressure on inflation cooling. The S&P 500 was 0.2% lower in midday Friday trading after paring a sharper morning loss. The Dow erased its losses to nudge higher. Some of the market's sharpest drops were coming from the financial industry, which fell sharply for a second day. A steep fall for a Silicon Valley bank has raised fears a broader banking crisis could erupt. Treasury yields plunged.
