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.

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