Bloomberg News

U.S. Stocks Erase Loss as Consumer-Staple, Commodity Shares Gain

June 20, 2011

June 20 (Bloomberg) -- U.S. stocks erased losses as shares of consumer-staples companies and commodity producers rose, offsetting concern that Europe’s debt crisis is worsening after leaders failed to agree on a Greek loan payment.

The Standard & Poor’s 500 Index was down 0.1 percent at 1,270.1 at 9:47 a.m. in New York after sliding 0.3 percent in early trading. September futures on the gauge slumped as much as 0.8 percent in pre-market trading. The Dow Jones Industrial Average gained 6.62 points, or 0.1 percent, to 12,010.98.

To contact the editor responsible for this story: Michael Regan at mregan12@bloomberg.net


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