U.S. Stocks Pare Gains as Financial, Technology Shares Retreat
U.S. stocks trimmed gains as financial and technology shares turned lower, weighing on an earlier rally led by retailers after Home Depot Inc.’s earnings underscored signs of a strengthening housing market.
The Standard & Poor’s 500 Index was up less than 0.1 percent at 1,381.12 at 3:11 p.m. in New York, paring a morning rally of as much as 0.6 percent. Technology shares in the S&P 500 lost 0.3 percent as a group and financials retreated 0.2 percent.
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