H&R Block Declines Most on S&P 500 as CEO Smyth Quits

H&R Block Inc., the biggest U.S. tax preparer, was the largest decliner on the Standard & Poor’s 500 Index after Russ Smyth quit as president and chief executive officer to join a private company.

H&R Block declined $1.27, or 8.2 percent, to $14.22 at 4:20 p.m. in New York Stock Exchange composite trading. It fell as much as 13 percent, the most since November 2002, and traded for as little as $13.44, the lowest since May 2001.