US STOCKS-Wall St turns higher as retail stocks rally

martes 25 de febrero de 2014 13:05 GYT
 

* Home Depot and Macy's rally after results

* Markets seek direction after rise to all-time high

* Consumer confidence falls more than expected in Feb

* Indexes up: Dow 0.1 pct, S&P 0.1 pct, Nasdaq 0.2 pct

By Ryan Vlastelica

NEW YORK, Feb 25 (Reuters) - U.S. stocks rose on Tuesday, with the S&P 500 moving within points of record levels, as a pair of retail stocks rallied following strong results.

Major indexes had traded lower for much of the session, pressured by some disappointing data, but turned higher in midday trading.

The S&P climbed to record intraday levels on Monday, but the index pulled back in the afternoon and failed to close at a record. The benchmark index is currently 0.5 percent under its record.

"We're not being aggressive, since valuations aren't spectacular here, but this certainly isn't a time to run to cash," said Rex Macey, chief investment officer at Wilmington Trust in Atlanta, Georgia. "We expect we'll take two steps forward and one step back for a while."   Continuación...