The stock market rally takes a breather. Now it’s at the mercy of the bond market as investors weigh Donald Trump’s economic plans and what they mean for interest rates.

Stocks turned lower in afternoon trading, and that pressure continued through Friday. The S&P 500 fell as much as 1.6%, and has now given back more than half of its torrid 4% post-election gain. The Nasdaq Composite dropped 2.7% at intraday lows.

Each day that passes since the election seems to expand the definition of the Trump Trade. On Thursday, president-elect Donald Trump made two unrelated announcements that moved two disparate corners of the stock market.

The stock market's "Trump bump" that followed his victory over Vice President Kamala Harris in last week's election appears to be coming to an end. On Friday, the market dropped to its lowest point since the election,

U.S. stocks tumbled Friday as the "Trump bump" that Wall Street got from last week's presidential election, along with a cut to interest rates by the Federal Reserve, kept fading.