Stocks in U.S. Pare Losses as Retailers Gain, Financial Shares Trim Drop
U.S. stocks pared losses as retailers rallied and financial shares trimmed declines after JPMorgan Chase & Co. said it has funds to buy back at least $1 billion in shares.
The Standard & Poor’s 500 Index was down less than 0.1 percent at 1,257.35 at 12:27 p.m. in New York after slumping as much as 1.1 percent. The Dow climbed 28.42 points, or 0.2 percent, to 12,178.55.
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