Bloomberg News

U.S. Stocks Erase Gains as Technology, Financial Shares Fall

March 30, 2012

U.S. stocks erased early gains amid declines in financial and technology companies, the groups which led the Standard & Poor’s 500 Index to its best first-quarter rally since 1998.

The S&P 500 fell 0.1 percent to 1,402.27 at 10:36 a.m. in New York after climbing as much as 0.5 percent earlier. The gauge is up almost 12 percent in the first quarter. The Dow Jones Industrial Average rose 13.05 points, or 0.1 percent, at 13,158.87 after climbing as much as 55 points.

To contact the reporter on this story: Michael P. Regan in New York at mregan12@bloomberg.net

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


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