U.S. stocks dip, Treasury yields rise as investors look to the Fed

NEW YORK, Sept 15 - Wall Street dipped and Treasury yields bounced on Friday as chipmakers and auto stocks outweighed a string of robust economic data, providing a downbeat ending to a generally upbeat week.

On the economic front, data released on Friday was generally better than analysts expected, with industrial production breezing past consensus and University of Michigan consumer inflation expectations cooling. "There is a real chance that by dumb luck this Federal Reserve is going to be able to thread the needle and achieve a soft landing," Pavlik added.

Emerging market stocks rose 0.31%. MSCI's broadest index of Asia-Pacific shares outside Japan closed 0.59% higher, while Japan's Nikkei rose 1.10%.

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