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Stocks erase gains; Nasdaq negative


    NEW YORK (Reuters) - 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 added 11.05 points, or 0.11 percent, to 10,508.93. The Standard & Poor's 500 Index gained 0.01 point to 1,106.14. The Nasdaq Composite Index dropped 6.17 points, or 0.27 percent, to 2,258.39.

    (Reporting by Chuck Mikolajczak; Editing by Kenneth Barry)