Major averages on Friday opened lower as Wall Street is headed for a weekly loss after a massive advance fueled by Donald Trump's election win. Early on and the S&P 500 (SP500) was -1.1%, the Nasdaq Composite (COMP:IND) was -1.

U.S. stocks are falling toward their worst loss since Election Day as the big bump Wall Street got from last week’s victory for Donald Trump and cut to interest rates by the Federal Reserve keeps fading.

The stock market broadly has been rising faster than corporate profits, which raises the volume on criticism from skeptics that it’s gotten too expensive. The S&P 500 is still up nearly 25% for the year so far, on top of last year’s leap of 24.2%.

U.S. stocks are drifting near their records after the latest inflation update boosted hopes that more help for the economy will arrive next month from another cut to interest rates.

The Dow and the S&P 500 ended slightly higher on Wednesday while the Nasdaq lost ground after October data showed consumer prices rising in line with expectations, adding support to bets that the U.S.

Asian shares are mostly higher after U.S. stocks slipped as the market’s rally following Trump’s election victory continued to cool. U.S. futures and oil prices were lower. The Nikkei 225