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

Dec. 7 (Bloomberg) -- 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.

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