Editor
US stocks were on course for their biggest weekly drop in over two months on Friday, after the latest evidence of stubbornly high inflation in the world’s largest economy unnerved traders.
The S&P 500 fell 1 per cent in morning trade while the Nasdaq 100 was down 1.9 per cent, with both indices deepening their losses from earlier this week. The former is down 3 per cent this week, and the latter 3.5 per cent.
US Treasuries also sold…
