U.S. stocks reversed losses as the cheapest price-to-earnings valuation for the Standard & Poor’s 500 Index in six months overshadowed a drop in factory orders.
The Dow Jones industrial average slipped 17.11 points, or 0.14 percent, to 12,101.46 at the close. The Standard & Poor’s 500 Index inched up just 0.14 of a point, or 0.01 percent, to 1,278.18. The Nasdaq Composite Index rose 12.53 points, or 0.46 percent, to close at 2,760.01.
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