U.S. stocks reversed an early rally as technology and raw-material companies turned lower.
The Standard & Poor’s 500 Index was up less than 0.1 percent at 1,434.04 at 10:46 a.m. in New York after climbing as much as 0.4 percent. Technology stocks in the index erased a gain of as much as 0.6 percent, while raw-material producers declined 0.6 percent.
Stocks rose earlier sending the S&P 500 toward a four-year high, after Germany’s highest constitutional court allowed the country to ratify the euro area’s permanent bailout fund and investors speculated the Federal Reserve will announce more stimulus efforts tomorrow.
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