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

jueves 6 de noviembre de 2014 15:43 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 0.31 percent, S&P up 0.23 percent, Nasdaq up 0.14 percent (Updates prices)

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. Weak results from Qualcomm pressured chipmakers.

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

The defensive telecom and utilities sectors 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...