Bloomberg News

U.S. Stocks Erase Losses as Energy Shares Advance

June 13, 2012

U.S. Stocks Erase Losses

A trader works at the New York Stock Exchange (NYSE) in New York. Photographer: Scott Eells/Bloomberg

U.S. stocks erased early losses as energy producers climbed after the government reported a drop in oil inventories and Johnson & Johnson led health-care shares higher after accelerating its buyback plans.

The Standard & Poor’s 500 Index was little changed at 1,324.5 at 10:37 a.m. in New York after slumping as much as 0.7 percent earlier following a drop in retail sales and an increase in borrowing costs for Germany and Italy.

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


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