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. Markets in Japan were closed Friday for a holiday. South Korea's Kospi fell 0.6% to 2317.51, tracking Wall Street losses overnight. Central-bank rate increases have continued to weigh on sentiment, said Tina Teng, ... (full story)