U.S. Stocks Erase Loss, Treasuries Gains on Fed Minutes
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U.S. stocks and commodities reversed declines, while the dollar slid and Treasuries extended gains, as Federal Reserve meeting minutes showed many policy makers backed more monetary easing soon.
The Standard & Poor’s 500 Index added less than 0.1 percent to 1,413.49 at 4 p.m. in New York after falling as much as 0.5 percent before the minutes. The S&P GSCI Index of commodities rose 0.2 percent, recovering from a 0.6 percent decline, as natural gas and nickel led gains. The Dollar Index, a gauge of the currency against six major peers, lost 0.4 percent to 81.6. Ten-year Treasury note yields slipped 10 basis points to 1.70 percent.