US STOCKS-Dow, S&P 500 end at record highs after data
* Dow, S&P 500 wrap up four straight months of gains
* Consumer spending dips; inflation below Fed's target, but rising
* Chicago PMI handily beats forecast
* Big Lots shares jump after results
* Dow up 0.1 pct; S&P 500 up 0.2 pct; Nasdaq off 0.1 pct (Updates to close)
By Chuck Mikolajczak
NEW YORK, May 30 (Reuters) - The Dow and the S&P 500 edged up to end at record highs on Friday, wrapping up four straight months of gains, after mixed economic data gave investors little reason to rush into stocks.
After the benchmark S&P 500's latest record closing high - its fourth in the last five sessions - gains may be harder to come by until the market's direction becomes more clear. Payrolls data and a European Central Bank meeting will be the major catalysts next week.
U.S. consumer spending fell for the first time in a year in April, but the decline probably will not change expectations for a rebound in growth this quarter. An inflation gauge rose at its quickest pace since November 2012 while business activity in the U.S. Midwest rose in May at its strongest pace since October 2013. Continuación...