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

Shares have retreated in Asia after a lackluster finish on Wall Street following a report showing an uptick in inflation in the U.S. last month.

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,

Asian shares are mostly higher after U.S. stocks slipped as the market’s rally following Trump’s election victory continued to cool.

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.

European stocks have opened lower while Asian shares were mixed after U.S. stocks slipped as the rally following Trump’s election victory cooled further. U.S. futures and oil prices were lower.