(Bloomberg) -- U.S. stocks dropped for a third day this week, led by banks, on renewed concerns the housing market will slow economic growth.
JPMorgan Chase & Co. and Citigroup Inc. led financial shares lower, contributing the most to the loss in the Standard & Poor's 500 Index, after Federal Reserve Chairman Ben S. Bernanke said stricter lending rules may spur foreclosures. Caterpillar Inc., the world's largest maker of earthmoving equipment, fell the most in the Dow Jones Industrial Average after Stifel Nicolaus & Co. said a weaker economy may hurt profit.
Read more at Bloomberg Stocks News
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