Wall Street erases losses, helped by bank and energy stocks

(Reuters) - 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.

(Reporting by Shreyashi Sanyal in Bengaluru)