U.S. stocks dropped following the latest interest-rate increases from the Federal Reserve and other central banks, which have added to fears that the battle to control rising prices could bring a recession.
The S&P 500 lost 31.94, or 0.8%, closing at 3757.99. The tech-heavy Nasdaq Composite declined 153.39, or 1.4%, to 11066.81. The Dow Jones Industrial Average was down 107.10, or 0.4%, to 30076.68.
