US STOCKS-Wall St rises, Dow and S&P 500 set intraday records

martes 26 de agosto de 2014 12:04 GYT

* U.S. consumer confidence hits highest since October 2007

* Best Buy tumbles after results, DSW rises

* Digital Ally gains further, has tripled this month

* Indexes up: Dow 0.4 pct, S&P 0.3 pct, Nasdaq 0.3 pct (Updates to midday trading)

By Ryan Vlastelica

NEW YORK, Aug 26 (Reuters) - U.S. stocks rose on Tuesday, with both the Dow and S&P 500 hitting fresh intraday records on the back of strong consumer data suggesting the market's long-running rally could continue.

The day's gains were broad, with only the telecom and utility sectors lower on the day. Both groups are viewed as defensive plays that underperform in periods of economic expansion. Energy shares, which are highly correlated to the pace of growth, led the day's gain with a 0.8 percent advance.

The S&P climbed back above 2,000, which it had breached for the first time on Monday. With Tuesday's move, both the Dow and the S&P have risen in 10 of the past 13 sessions, while the Nasdaq is up for 11 of the past 13 sessions. However, much of the market's recent gains have come on low volume, suggesting many traders may be reluctant to jump in at current levels.

"It's hard to read too much into today's activity, since volume is so low. People aren't going to do anything too aggressive until there's some kind of catalyst, either positive or negative," said Michael O'Rourke, chief market strategist at JonesTrading in Greenwich, Connecticut. "We're still in an uptrend, but it will be tough to move significantly higher from here."   Continuación...