Bloomberg News

U.S. Stocks Erase Losses as Commodity, Industrial Companies Gain

June 22, 2011

June 22 (Bloomberg) -- U.S. stocks erased early losses as shares of commodity producers and industrial companies led gains, while investors awaited a Federal Reserve statement to gauge the outlook for stimulus programs and interest rates.

The Standard & Poor’s 500 Index was little changed at 1,295.46 at 9:50 a.m. in New York after slipping as much as 0.4 percent in early trading. The Dow Jones Industrial Average fell 21.19 points, or 0.2 percent, to 12,168.82.

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


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