U. S. crop commodity stocks gain as producers

U.S. stocks erased losses as the weak dollar boosted oil prices and metals, which sparked a rally in commodity producers helped overcome an early fall action caused by an unexpected rise in unemployment.

500 of Standard & Poor's raised less than 0.1 percent, to 1,222.19 at 3:36 pm in New York after falling to 0.4 percent previously. The dollar index, which measures the currency against six major peers, dropped 1.2 percent to its biggest decline since October. Oil rose 1.4 percent to a 25-month high near $ 89 a barrel and the S & P / GSCI index products rose 1.3 percent above its highest closing level since October 2008 .

At the beginning of the decline in stocks came after the Labor Department said U.S. payrolls increased by 39,000 last month, behind the median forecast of economists in a survey of an increase of 150,000 jobs. The unemployment rate rose to 9.8 percent from 9.6 percent.