(Corrects economist estimate in third paragraph.)
June 2 (Bloomberg) -- U.S. stocks erased early losses after the Institute for Supply Management corrected the reading in its May factory index to show manufacturing beat estimates.
The Standard & Poor’s 500 Index rose less than 0.1 percent to 1,924.79 at 11:31 a.m. in New York after earlier dropping as much as 0.4 percent.
The ISM corrected its index to read 56 after initially reporting the gauge fell to 53.2. Economists in a Bloomberg survey had forecast a reading of 55.5.
To contact the reporter on this story: Michael P. Regan in New York at firstname.lastname@example.org Michael P. Regan