US STOCKS-Dow, S&P hit records in volatile trading

jueves 6 de noviembre de 2014 13:52 GYT

* Dow, S&P 500 inch up to fresh records

* Genworth and Qualcomm slump following results

* Whole Foods rallies in bright spot for market

* Indexes: Dow up 0.2 percent, S&P up 0.2 percent, Nasdaq flat (Updates to afternoon trading)

By Ryan Vlastelica

NEW YORK, Nov 6 (Reuters) - U.S. stocks edged up in a volatile session on Thursday as an indication that Europe would step in with additional stimulus in the case of weak economic conditions boosted cyclical shares, though some lackluster tech results kept a lid on gains.

Major indexes fluctuated between positive and negative territory; the S&P 500 fell as much as 0.4 percent before rising as much as 0.2 percent, inching up to another record high.

European Central Bank President Mario Draghi indicated support for additional measures to support the euro zone economy, if necessary, and said the ECB governing council was unanimous in its commitment to using additional unconventional measures to support the economy.

The market's two biggest defensive sectors, telecom and utilities, were the weakest on the day, with both off about 1.3 percent. Cyclical groups, which are tied to the pace of economic growth, advanced. Industrial shares rose 1 percent as the strongest sector of the day.   Continuación...