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 firstname.lastname@example.org
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.