US STOCKS-S&P 500 falls shy of a record, breaks four days of gains
* DJ Transportation Average ends at record high - again
* 225 stocks hit 52-week highs on the NYSE and the Nasdaq
* U.S. 10-year note yield drops; best S&P sector - utilities
* Dow off 0.3 pct; S&P 500 down 0.1 pct; Nasdaq off 0.3 pct (Updates to close)
By Chuck Mikolajczak
NEW YORK, May 28 (Reuters) - The S&P 500 snapped a four-session winning streak on Wednesday to end just shy of a third straight record closing high.
The benchmark index had gained for four straight sessions as investors' appetite for equities has been buoyed by supportive U.S. economic data recently and expectations of monetary easing by the European Central Bank. The 10-year U.S. Treasury note's yield slipped below 2.44 percent, its lowest level since July.
"We are due for a sideways trending market for a short while, a period of consolidation following a four-day rally and also with the broad equities being at or near all-time highs," said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management in Minneapolis.
"This is a split-personality market with the S&P at or near all-time highs in anticipation of an improving economy and higher earnings, while the bond market and yields continue to drop, suggesting maybe caution is warranted." Continuación...