Bloomberg News

U.S. Stocks Pare Declines as Consumer Staple Companies Rise

September 30, 2011

Sept. 30 (Bloomberg) -- U.S. stocks pared losses as consumer staple companies reversed earlier declines and reports showing business activity and consumer confidence topped projections, helping offset concern the global economy is slowing.

The Standard & Poor’s 500 Index dropped 0.7 percent to 1,152.26 at 11:40 a.m. New York time, after falling as much as 1.7 percent earlier.

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


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