US stocks dropped the most in a week:

The Standard & Poor’s 500 Index slipped 15.37 points, or 1.2 percent, to 1,325.76. The Dow Jones Industrial Average lost 120.4, or 1 percent, to 12,302.46. The Nasdaq Composite decreased 43.53, or 1.9 percent, to 2,280.83. Three stocks fell for every one that rose on the New York Stock Exchange.