Bloomberg News

U.S. Stocks Pare Losses as Weakening Dollar Supports Commodities

June 03, 2011

June 3 (Bloomberg) -- U.S. stocks pared losses as a weakening dollar helped commodity prices recover from earlier declines triggered by weaker-than-forecast growth in jobs and financial shares advanced.

The Standard & Poor’s 500 Index slipped 0.4 percent to 1,307.46 at 10:44 a.m. in New York after slumping as much as 1.2 percent in early trading. The Dollar Index lost 0.4 percent to 74.024, while the S&P GSCI Index of raw materials was little changed following an earlier 1.2 percent slump.

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