Bloomberg News

U.S. Stocks Erase Gains as Officials Plan Further Greek Review

September 20, 2011

Sept. 20 (Bloomberg) -- U.S. stocks erased gains following a report that international officials plan to return to Athens in early October to complete a review of the Greek economy, damping speculation they were nearing approval of more aid.

The S&P 500 fell 0.1 percent to 1,202.81 at 3:46 p.m. in New York after climbing as much as 1.4 percent earlier.

Officials from the so-called troika, comprising the European Union, European Central Bank and International Monetary Fund, plan to return to Athens in early October to complete their review of the Greek economy, the state-run Athens News Agency reported, without citing sources.

To contact the editor responsible for this story: Jeff Sutherland at jsutherlan13@bloomberg.net


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