Wall Street erases losses, helped by bank and energy stocks

U.S. stocks were flat on Wednesday morning, clawing back from losses of more than 1 percent earlier, helped by energy stocks as oil prices reversed earlier losses and bank stocks as 10-year U.S. treasury yields moved off a near year-low.

At 11:22 a.m. ET the Dow Jones Industrial Average was down 12.01 points, or 0.05 percent, at 23,315.45, while the S&P 500 was up 0.83 points, or 0.03 percent, at 2,507.68.

The Nasdaq Composite was up 18.73 points, or 0.28 percent, at 6,654.01.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)