U.S. Stocks Erase Early Gains as GDP Overshadows Earnings

U.S. stocks swung between gains and losses as investors weighed improving earnings and consumer confidence with lower-than-forecast economic growth and a downgrade of Spain’s credit rating.

The Standard & Poor’s 500 Index slipped 0.1 percent to 1,398.5 at 10:04 a.m. in New York after rising as much as 0.3 percent earlier.

To contact the reporter on this story: Michael P. Regan in New York at mregan12@bloomberg.net

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net

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