Bloomberg News

U.S. Stocks Pare Rally as Energy, Financial Shares Trim Advance

June 29, 2011

June 29 (Bloomberg) -- The Standard & Poor’s 500 Index pared its third straight gain, with energy, financial and technology companies trimming their advance the most in the past half hour.

The S&P 500 climbed 0.6 percent to 1,304.22 at 2:16 p.m. in New York after increasing as much as 1 percent after Greece passed austerity measures, pending home sales climbed and Monsanto Co.’s sales beat estimates.

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net


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