U.S. Stocks Erase Gains as Apple’s Drop Overshadows Jobs Growth

U.S. stocks erased early gains as a bigger-than-forecast drop in consumer confidence and slide in Apple Inc. shares wiped out an advance triggered by faster-than- estimated growth in jobs.

The Standard & Poor’s 500 Index was little changed at 1,413.02 at 10:34 a.m. in New York after earlier gaining as much as 0.5 percent. Apple, the biggest company by market value, lost 1.9 percent.

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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.