The U.S. stocks slipped on Friday after China took further steps to curb inflation.
China's central bank on Friday ordered banks to set aside an additional 0.5 percent of their deposits from Nov. 29, the fifth such hike this year and the second increase this month.
The move aimed at reining in inflation, which surged to a two- year high last month, and preventing the economy from over-heating. However, it spurred concerns in the U.S. equities market as investors feared that China would soon raise interest rate to further cool down the economy.
The Dow Jones industrial average dipped 9.31, or 0.08 percent, to 11,171.92. The Standard & Poor's 500 index dipped 1.32 points, or 0.11 percent, to 1,195.37 and the Nasdaq edged down 2.23 points, or 0.09 percent, to 2,512.17.
