Bloomberg News

U.S. Stocks Pare Gains as Treasuries Advance, Euro Weakens

December 16, 2011

Dec. 16 (Bloomberg) -- U.S. stocks pared gains as Treasuries extending their advance and the dollar wiped out losses against the euro.

The Standard & Poor’s 500 Index added 0.4 percent to 1,220.18 at 12 p.m. New York time, trimming its advance from 1.3 percent. Ten-year Treasury notes extended their increase, driving yields down seven basis points to 1.84 percent. The euro rose 0.1 percent to $1.3027 after strengthening as much as 0.5 percent to $1.3084.

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


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