Dow, S&P turn flat as banks gain

2/07/2008 - 19:11

NEW YORK (Reuters) -The Dow and S&P 500 erased losses to be little changed on Wednesday as gains in financial shares offset concerns about rising oil.

The Dow Jones industrial average <.DJI> was down 0.09 point at 11,382.17. The Standard & Poor's 500 Index <.SPX> was down 1.28 points, or 0.10 percent, at 1,283.63. The Nasdaq Composite Index <.IXIC> was down 12.98 points, or 0.56 percent, at 2,291.99.

(Reporting by Kristina Cooke; Editing by Kenneth Barry)

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