Pursuits
S&P 500 Erases Loss as Investors Look for Stimulus Sign From Fed
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The Standard & Poor’s 500 Index erased losses in the final hour of trading as investors weighed the Federal Reserve’s latest policy minutes for evidence that the central bank may be closer to additional stimulus actions.
Bank of America Corp. and JPMorgan Chase & Co. added more than 1 percent as financial companies rallied. Exxon Mobil Corp. rose 1.5 percent as oil rebounded from the lowest close in more than a week. DuPont Co. and Google Inc. fell at least 1.1 percent after analysts said the companies may miss estimates. Best Buy Co. sank 8.4 percent after electronics retailer Hhgregg Inc. cut its forecasts.