Bloomberg News

Stocks Erase Gains as Energy, Industrials Retreat

February 28, 2012

U.S. stocks erased gains as energy and industrial stocks retreated, wiping out an earlier rally triggered by a jump in consumer confidence to a one-year high.

The Standard & Poor’s 500 Index was little changed at 1,367.94 at 1:56 p.m. in New York after earlier rising as much as 0.4 percent.

To contact the editor responsible for this story: Michael P. Regan at mregan12@bloomberg.net


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