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U.S. Stocks Erase Gains as Goldman Sachs Leads Financials Drop

Aug. 9 (Bloomberg) -- U.S. stocks erased gains as Goldman Sachs Group Inc. helped send financial shares lower after disclosing that it lost money on 10 days during the second quarter.

The Standard & Poor’s 500 Index rose less than 0.1 percent to 1,121.71 at 9:55 a.m. New York time, trimming its advance from 0.4 percent earlier. Financial stocks in the index slumped 0.4 percent. Goldman Sachs had posted perfect results, with no losing days, in the first quarter.

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

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