U.S. Stocks Decline as BOJ Leaves Stimulus Unchanged

U.S. stocks fell, sending the Standard & Poor’s 500 Index lower for a second day, after Bank of Japan Governor Haruhiko Kuroda said he sees no need to expand monetary stimulus immediately.

JPMorgan Chase & Co. and Citigroup Inc. fell more than 1.6 percent, pacing losses among lenders. Lululemon Athletica Inc. tumbled 18 percent after announcing that Chief Executive Officer Christine Day will leave the company. Sprint Nextel Corp., which agreed in October to a takeover by SoftBank Corp., gained 2.4 percent after the Tokyo-based mobile carrier raised its offer.