U.S. stocks fell to their worst loss since Election Day as the rally that Wall Street got from last week’s victory for Donald Trump and a cut to interest rates by the Federal Reserve kept fading. The S&P 500 sank 1.

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. stocks are falling again Friday as their big rally following last week’s presidential election and cut to interest rates continues to fade. The S&P 500 was 0.7% lower in early trading. The Dow Jones Industrial Average was down 141 points,

Shares rose in European trading after a retreat in Asia on Thursday following a report showing inflation in the U.S. was roughly as expected last month. Germany's DAX surged 1.2% to 19,223.90 and the CAC 40 in Paris advanced 0.

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,