U.S. stocks fluctuated after erasing a rebound from two-month lows, as weakness in crude oil weighed on energy shares and a rally among banks faded.
The KBW Bank Index wiped out a gain of as much as 1.3 percent, on the heels of the measure’s worst two-day drop since August. Energy companies slumped as Brent crude oil fell to an 11-year low. Walt Disney Co. slipped 1 percent, falling for a third day despite a record weekend at the box office for the company’s “Star Wars: The Force Awakens.” film.
The Standard & Poor’s 500 Index rose 0.3 percent to 2,010.51 at 12:11 p.m. in New York, after erasing a 0.9 percent climb. The Dow Jones Industrial Average added 20.81 points, or 0.1 percent, to 17,149.36. The Nasdaq Composite Index gained 0.4 percent.