Apple Store In St. Louis Has Withdrawn Its Plan And Will No Longer Seek Unionization

U.S. stocks closed lower, dropping to a two-month low level on Friday. All three major indices declined to levels not seen since mid-July, while the S&P 500 index settled below the major 3,900 level. Hotter-than-expected data on inflation raised prospects of an interest rate increase of at least 75 basis points at this week’s policy meeting.