US STOCKS-Wall St inches up; S&P 500 climbs above 1,900

martes 13 de mayo de 2014 13:35 GYT

* Dow, S&P 500 hit intraday record highs

* Homebuilders rally; Keurig up on Coke's plan to raise stake

* April retail sales up 0.1 pct, less than expected

* Dow up 0.1 pct; S&P 500 up 0.1 pct; Nasdaq off 0.2 pct (Updates to early afternoon)

By Caroline Valetkevitch

NEW YORK, May 13 (Reuters) - U.S. stocks mostly edged higher on Tuesday, with the S&P 500 briefly rising above 1,900 for the first time and more developments on the deal front helping investors' outlook.

Both the Dow and the S&P 500 hit record intraday highs and then pulled back a bit, holding slim gains in afternoon trading. In contrast, the Russell 2000 index of small-cap stocks was down 0.7 percent.

"Technically new highs are usually a bullish event, but we're not seeing news to really inspire people, so we're holding in here at these new highs," said Michael O'Rourke, chief market strategist at JonesTrading in Greenwich, Connecticut.

Homebuilders' shares gained, while the common stock of mortgage finance giants Fannie Mae and Freddie Mac jumped as Federal Housing Finance Agency Director Mel Watt laid out new policies that could make it easier for many Americans to obtain mortgages. Fannie Mae shot up 8.3 percent to $4.59 while Freddie Mac jumped 6.9 percent to $4.49.   Continuación...