US STOCKS-S&P 500 briefly rises above 1,900; Nasdaq pulls back

martes 13 de mayo de 2014 14:52 GYT

* Dow, S&P 500 hit intraday record highs

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

* Cisco falls 1 percent, weighs on the Nasdaq

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

By Caroline Valetkevitch

NEW YORK, May 13 (Reuters) - The Dow and the S&P 500 edged up on Tuesday, with the S&P 500 briefly rising above 1,900 for the first time, while the Nasdaq pulled back after recent gains.

Both the Dow and the S&P 500 hit record intraday highs and then retraced some ground, holding slim gains in afternoon trading. In contrast, the Russell 2000 index of small-cap stocks was down 0.8 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 and 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 jumped 9.4 percent to $4.64 while Freddie Mac advanced 8.6 percent to $4.56.   Continuación...