US STOCKS-S&P 500 ends near flat; retailers fly for a second day

miércoles 26 de febrero de 2014 19:14 GYT
 

* S&P 500 hits resistance at 2013 year-end mark

* Target and Lowe's rally after results

* J.C. Penney shares jump after the bell

* January new home sales surge past forecasts

* Dow up 0.1 pct; S&P 500 flat; Nasdaq up 0.1 pct

By Caroline Valetkevitch

NEW YORK, Feb 26 (Reuters) - U.S. stocks finished flat on Wednesday with investors hesitant to make a big move on the day before comments from Federal Reserve Chair Janet Yellen, though retailers' shares rallied on results for a second day.

Target Corp and Lowe's Cos Inc shares jumped following upbeat earnings and gave the biggest boosts to the S&P 500. An S&P 500 retail index gained more than 1 percent for a second day.

After the bell, shares of J.C. Penney Co Inc climbed 12.8 percent to $6.72 as the U.S. department store chain forecast more improvement in its comparable sales and gross profit margin this fiscal year.   Continuación...