Bloomberg News

S&P 500 Erases Loss as Apple Rebounds From 11-Month Low

January 16, 2013

U.S. stocks erased early losses as a rebound in Apple Inc. led technology shares higher, helping the market recover from declines triggered by a reduction in the World Bank’s growth forecasts.

The Standard & Poor’s 500 Index was little changed near 1,472 after slumping as much as 0.3 percent. Apple, which slid below $500 a share yesterday for the first time in 11 months, rallied 3.3 percent to halt a three-day decline.

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


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