Friday, December 10, 2010

U.S. Stocks Erase Gains

U.S. Stocks Erase Gains as Financial, Materials Shares Decline


U.S. Stocks Erase Gains

A trader works on the floor of the New York Stock Exchange (NYSE) in New York. Photographer: Jin Lee/Bloomberg

U.S. stocks erased gains as financial companies led losses in the Standard & Poor’s 500 Index and falling commodities prices wiped out an advance by raw-materials producers.

The S&P 500 advanced less than 0.1 percent to 1,233.47 at 10:14 a.m. New York time after climbing as much as 0.3 percent.

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