As the primary arena for viral misinformation shifts toward transnational threats, the search continues for scalable countermeasures compatible with principles of transparency and free expression. We conducted a randomized field experiment evaluating the impact of source credibility labels embedded in users’ social feeds and search results pages. By combining representative surveys (n = 3337) and digital trace data (n = 968) from a subset of respondents, we provide a rare ecologically valid test of such an intervention on both attitudes and behavior. On average across the sample, we are unable to detect changes in real-world consumption of news from low-quality sources after 3 weeks. We can also rule out small effects on perceived accuracy of popular misinformation spread about the Black Lives Matter movement and coronavirus disease 2019. However, we present suggestive evidence of a substantively meaningful increase in news diet quality among the heaviest consumers of misinformation. We discuss the implications of our findings for scholars and practitioners.