US STOCKS-Dow, S&P hit record highs as rate-hike worries fade

lunes 18 de mayo de 2015 14:15 GYT

* Apple rises after Icahn comments

* Endo down after agreeing to buy Par Pharmaceutical

* Altera rallies on Intel M&A report

* Indexes up: Dow 0.2 pct, S&P 0.3 pct, Nasdaq 0.6 pct (Updates to mid-afternoon)

By Noel Randewich

May 18 (Reuters) - The Dow Jones industrial average and S&P 500 hit record highs on Monday, helped by a rally in Apple as well as weak economic data suggesting the Federal Reserve may wait to raise interest rates.

The Dow touched an intraday high of 18,311.09, surpassing its previous record set in early March, while the S&P 500 touched 2,129.51, climbing past the high it hit last week.

U.S. homebuilder sentiment fell in May although most builders view market conditions as favorable, the National Association of Home Builders said on Monday.

The U.S. economy is not rebounding strongly enough for the Federal Reserve to raise interest rates before September, many investors believe.   Continuación...