U.S. stocks were little changed after erasing an early decline as a rebound in technology shares offset a drop in transportation companies amid crude oil’s five-day rally.
Technology shares rose 0.4 percent, even as SanDisk Corp. plunged 17 percent amid a lower first-quarter revenue projection. International Business Machines Corp., Apple Inc. and Intel Corp. added more than 1 percent. American Airlines Group Inc. and Delta Air Lines Inc. lost at least 1.1 percent as oil climbed 3.2 percent to a two-week high.
The Standard & Poor’s 500 Index fell less than 0.1 percent to 2,060.88 at 12:07 p.m. in New York, after falling as much as 0.8 percent earlier. The Dow Jones Industrial Average slipped 8.01 points to 17,710.53. The Nasdaq Composite Index declined 0.2 percent, after its biggest drop in 11 months yesterday.
Source : Bloomberg