US STOCKS-Wall Street little changed after 4-day rally

miércoles 12 de febrero de 2014 12:00 GYT
 

* Procter & Gamble drags Dow, S&P after outlook

* Ford edges higher after China sales results

* Indexes: Dow off 0.18 pct, S&P off 0.01 pct, Nasdaq up 0.21 pct

By Chuck Mikolajczak

NEW YORK, Feb 12 (Reuters) - U.S. stocks were little changed on Wednesday, as a decline in Procter & Gamble kept gains in check after a four-day rally left the S&P 500 within striking distance of a record high.

The benchmark S&P index has risen 3.9 percent over the prior four sessions, its longest winning streak of the year and best four-day performance in thirteen months. The index now stands 1.6 percent below its record closing high of 1,848.38 set on Jan. 15.

"We had four nice days, so we are just taking a little pause, a little break," said Terry Morris, senior vice president and senior equity manager for National Penn Investors Trust Company in Reading, Pennsylvania.

"This is all short-term stuff, we could end up being higher by this afternoon."

Procter & Gamble Co lost 1.3 percent to $77.78 to weigh on both the Dow and S&P 500 after the world's largest household products maker cut its sales and earnings outlook for the year to reflect unfavorable foreign exchange rates in Venezuela and the devaluation of currencies in various developing markets.   Continuación...