Bloomberg News

U.S. Stocks Erase Gain as Dow Turns Lower After 4-Day Rally

January 23, 2012

Jan. 23 (Bloomberg) -- U.S. stocks trimmed earlier gains, with the Dow Jones Industrial Average turning lower after rising above its highest closing level since May.

The Standard & Poor’s 500 Index was little changed at 1,316.09 after climbing as much as 0.5 percent. Telephone, consumer-staples and health-care companies led declines, while financial shares trimmed earlier gains. The Dow slipped 6.55 points, or 0.1 percent, to 12,713.93 after earlier reaching 12,764.49.

To contact the editor responsible for this story: Michael P. Regan at

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