Bloomberg News

U.S. Stocks Erase Gain; Consumer-Staples, Industrial Shares Fall

June 05, 2012

U.S. Stocks Erase Gain

Traders work at the New York Stock Exchange (NYSE) in New York. Photographer: Scott Eells/Bloomberg

U.S. stocks erased earlier gains as consumer-staples and industrial companies led declines that snuffed out an early rally triggered by an unexpected increase in a gauge of service industries.

The Standard & Poor’s 500 Index was little changed at 1,277.92 at 11:58 a.m. in New York after rallying 0.5 percent earlier.

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


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