U.S. stocks fell on Friday and posted their biggest weekly decline since June as investors focused on when the Federal Reserve would begin to scale back its stimulus. All but one of the 10 S&P 500 sector indexes ended lower.
The stock of J.C. Penney Co. skidded 5.8 percent to $12.87 and ranked as the S&P 500′s biggest percentage decliner. Bill Ackman, the company’s top investor, urged the retailer’s board on Friday to replace its chairman.
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