U.S. Stocks Pare Early Losses as Commodities Extend Slump

U.S. stocks recovered from early losses for a second day as investors weighed prospects of economic growth with concern the Federal Reserve will reduce stimulus efforts. Japanese shares rebounded from their largest drop since 2011, while commodities fell for a fourth day.

The Standard & Poor’s 500 Index slipped less than 0.1 percent to 1,649.6 at 4 p.m. in New York, paring a 0.8 percent loss, and the Dow Jones Industrial Average recovered from a 95-point loss to close up 8.6 points at 15,303.1. Japan’s Topix Index closed 0.5 percent higher after a 6.9 percent plunge yesterday. The euro was little changed at $1.2935 after gaining 0.5 percent earlier. Coffee, soybeans and cocoa lost more than 1.5 percent to lead the S&P GSCI Index of commodities to a three-week low.