Bloomberg News

U.S. Stocks Pare Losses as Banks Rally, Apple Boosts Technology

August 20, 2012

U.S. stocks pared losses as banks recovered from earlier declines and a rally in Apple Inc. lifted technology shares.

The Standard & Poor’s 500 Index fell 0.1 percent to 1,417.36 at 2:34 p.m. New York time, after dropping as much as 0.4 percent earlier. The U.S. equity benchmark on Aug. 17 came within one point of a four-year high set in April.

Equities fell earlier amid investor concern that European leaders will fail to quell the region’s debt crisis.

To contact the editor responsible for this story: Jeff Sutherland at jsutherlan13@bloomberg.net


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