U.S. Stocks Decline as Investors Shun Risk Before Fed, BOJ Meet

  • CBOE volatility index posts biggest jump in six months
  • Microsoft to buy LinkedIn for $196 a share, or $26.2 billion

Morning Meeting: June or July for the Fed?

U.S. stocks dropped, with the S&P 500 Index falling to a three-week low, as investors wavered amid a pair of coming central-bank events and Britain’s vote on European Union membership that have sowed anxiety.

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