Economics
U.S. Stocks Erase Drop as Energy Leads After Russian Jet Downing
- Turkey says Russian jet shot after violating its airspace
- U.S. economy grew faster last quarter than prior estimate
Putin: Won't Tolerate Crimes Such As Warplane Crash
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U.S. stocks erased early losses as investors shook off concerns over the downing of a Russian warplane by Turkish forces, and energy shares rallied for their first back-to-back gains in three weeks.
Commodity companies led a rebound, with raw-materials joining energy to rise the most among the S&P 500’s main groups. Airlines slumped along with travel-related shares after a government warning to American travelers abroad coupled with a jump in crude prices.