US STOCKS SNAPSHOT-U.S. stocks erase gains; Nasdaq negative

NEW YORK, July 29 | Thu Jul 29, 2010 11:18am EDT

NEW YORK, July 29 (Reuters) - U.S. stocks erased initial gains on Thursday, as the S&P 500 and Nasdaq were pulled lower by weakness in chipmakers and retailers.

* The Dow Jones industrial average .DJI added 11.05 points, or 0.11 percent, to 10,508.93. The Standard & Poor's 500 Index .SPX gained 0.01 point to 1,106.14. The Nasdaq Composite Index .IXIC dropped 6.17 points, or 0.27 percent, to 2,258.39. (Reporting by Chuck Mikolajczak; Editing by Kenneth Barry)

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