US STOCKS-Wall St flat; retailers gain for a second day
* S&P 500 has been unable to reach record level
* Target and Lowe's rally after results
* January new home sales surge past forecasts
* Indexes down: Dow 0.1 pct, S&P 0.1 pct, Nasdaq 0.1 pct
By Caroline Valetkevitch
NEW YORK, Feb 26 (Reuters) - U.S. stocks were nearly flat on Wednesday, with the S&P 500 holding below resistance levels even as retailers gained for a second day.
Shares of retailers Target Corp and Lowe's Cos Inc rose, giving the S&P 500 its biggest boosts.
The S&P 500 hit a record intraday high of 1,858.71 on Monday but has been unable to break above it since then.
"We are just biding time to see which way this market is going to go, if it's going to break through or if we are going to have a pullback here," said Paul Mendelsohn, chief investment strategist at Windham Financial Services in Charlotte, Vermont. Continuación...