Bloomberg News

U.S. Stocks Pare Advance as Industrial, Health-Care Shares Slump

February 02, 2012

Feb. 2 (Bloomberg) -- U.S. stocks pared gains as a decline in health-care and industrial shares wiped out much of an earlier rally that had sent benchmark indexes toward six-month highs.

The Standard & Poor’s 500 Index rose less than 0.1 percent to 1,324.66 at 11:44 a.m. New York time, trimming an advance of as much as 0.4 percent.

U.S. equities rose earlier after Federal Reserve Chairman Ben S. Bernanke said the economy has shown signs of improvement and data showed claims for American jobless benefits fell last week.

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


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