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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.
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