Business activity fell at sharpest rate in more than 2½ years

Stocks fell again Friday, with investors forced to wrestle anew with the prospect of higher-for-longer interest rates and the potential for recession.

The S&P 500 dropped 43.39 points, or 1.1%, to 3852.36 a day after falling 2.5%. Each of the index’s 11 sectors finished in the red.

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