Business

Stockmarkets endured another punishing stretch, as investors fretted about the Federal Reserve’s aggressive moves to tighten policy, high inflation and slowing growth. After its longest weekly losing streak since 2011 the S&P 500 closed below the 4,000 mark for the first time in 14 months. The Nasdaq Composite plummeted to its lowest finish since November 2020. Apple’s share price dropped by 12% over five days. The sell-off extended to stocks in Europe and Asia.