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

jueves 6 de noviembre de 2014 14:37 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 0.33 percent, S&P up 0.22 percent, Nasdaq up 0.14 percent (Updates prices, recasts lead)

By Yasmeen Abutaleb

NEW YORK, Nov 6 (Reuters) - U.S. stocks edged up in a volatile session on Thursday, with the Dow and S&P 500 hitting fresh records on an indication that the European Central Bank would take more policy action if needed to boost a struggling euro zone economy.

Major indexes fluctuated between positive and negative territory throughout the day. Cyclical shares, ones tied to the pace of economic growth, were among the strongest. Technology shares, however, fell as weak results from Qualcomm pressured chipmakers.

ECB 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 unconventional measures.

The market's two biggest defensive sectors, telecom and utilities, were the weakest on the day, off 1.1 and 1.5 percent respectively. Industrial shares rose 1 percent as the strongest sector of the day.   Continuación...