U.S. Stocks Drop for Week as Investors Await Fed Signals

U.S. stocks fell for the week, sending benchmark indexes lower for the third time in four weeks, as investors speculated whether the Federal Reserve will signal a reduction of stimulus efforts after its next meeting.

Financials fell the most out of 10 groups in the Standard & Poor’s 500 Index, declining 2.1 percent. American Express Co. sank 6.5 percent after Barclays Plc lowered its rating on the credit-card issuer. Lululemon Athletica Inc. tumbled 19 percent after announcing Chief Executive Officer Christine Day will leave the company. Gannett Co., the publisher of USA Today, jumped 20 percent after agreeing to buy Belo Corp.