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U.S. Stocks Fall as Investors Pull Money, Weigh Stimulus

U.S. stocks fell, giving the Standard & Poor’s 500 Index its biggest weekly loss since June, as investors pulled money from exchange-traded funds and weighed growing signs the Federal Reserve will cut stimulus this year.

Gap Inc. dropped 3.1 percent after saying July sales at stores open at least a year rose less than analysts estimated. J.C. Penney Co. fell 5.8 percent as its chairman sparred with the largest shareholder, Bill Ackman’s Pershing Square Capital Management LP, over who should lead the company. Cliffs Natural Resources Inc. jumped 11 percent as metals rallied after Chinese industrial output expanded faster than estimated.