Producers of metals, grains and other raw materials rose, but not by as much as the broad market, amid concerns about a likely rate hike next week.

Consumer prices rose 3.4% on average from a year earlier in August, with a stronger-than-anticipated increase in the core rate, which excludes the volatile food and energy categories.

"Today's data all but lock in a rate hike next week," said economists at brokerage Bank of America Global Research, in a note to clients. "Chairman Warsh's Jackson Hole remarks, together with current market pricing, have raised the cost of disappointing expectations significantly."

Gold futures fell $63.60, or 1.4%, to $4366.20 a troy ounce for the week, as traders reconciled themselves with the likelihood of a Federal Reserve rate hike in light of strengthening consumer inflation.