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U.S. Stocks Reverse Gains as Technology Shares Retreat

Sept. 12 (Bloomberg) -- 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.

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

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