U.S. Stocks Erase Losses as Investors Weigh Earnings, Economy

Bloomberg (27/7) -- U.S. stocks rose, with the Standard & Poor’s 500 Index erasing losses in the final 30 minutes of trading, as investors weighed corporate earnings and consumer confidence before central-bank meetings next week. The S&P 500 climbed 0.1 percent to 1,691.65 at 4 p.m. in New York, reversing an earlier drop of 0.8 percent. The benchmark index finished the week down less than 0.1 percent, snapping a four-week rally. The Dow Jones Industrial Average added 3.22 points, or less than 0.1 percent, to 15,558.83. About 5.36 billion shares changed hands, or 16 percent below the three-month average.