US Stocks Erase Gains as Confusion Over Oil Tanker Takes Hold
Traders work on the floor of the New York Stock Exchange.
Photographer: Michael Nagle/BloombergUS stocks inched lower, wiping out earlier gains, as conflicting reports about shipping in the Strait of Hormuz weighed on investor sentiment.
The S&P 500 Index closed down 0.2% after paring a gain of as much as 0.7%. The Nasdaq 100 Index closed little changed. The Cboe Volatility Index hovered around 25 after touching the highest since April in the prior session.