US STOCKS-Wall St rises but Dow, S&P 500 retreat from record highs

martes 26 de agosto de 2014 14:08 GYT
 

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

* Best Buy tumbles after results, DSW rises

* Digital Ally gains further, up over 250 pct in August

* Dow up 0.3 pct; S&P 500 up 0.2 pct; Nasdaq up 0.3 pct (Updates to early afternoon, changes byline)

By Chuck Mikolajczak

NEW YORK, Aug 26 (Reuters) - U.S. stocks advanced modestly on Tuesday as both the Dow and S&P 500 backed off after hitting fresh intraday records on the heels of strong consumer data, which suggested that the market's long-running rally could keep going.

Energy shares, which closely track the pace of growth, led the day's gain. The S&P energy index rose 0.8 percent.

The S&P 500 popped 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 500 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 that many traders may be reluctant to jump in at current levels.   Continuación...