US Stocks Drop, Led by Financials; Wachovia, Lehman Retreat Bloomberg - By Michael Patterson June 2 (Bloomberg) -- US stocks fell for the first time in five days after Wachovia Corp. ousted its chief executive officer and Standard & Poor's lowered its debt ratings on three of Wall Street's biggest securities firms. Merrill Analysts Take More Negative View S&P slashes bank, broker ratings on loan loss fears |