US STOCKS-Wall St dips, stays near record peaks; incentives scant

martes 10 de junio de 2014 11:45 GYT

* S&P has ended higher 11 times in past 13 sessions

* Losses broad, but "momentum" stocks outperform

* Achillion Pharma jumps in heavy volume

* Dow, S&P 500 and Nasdaq all fall 0.1 pct (Updates to midday trading)

By Ryan Vlastelica

NEW YORK, June 10 (Reuters) - U.S. stocks fell modestly on Tuesday as investors found few reasons to keep buying with the Dow and S&P 500 coming off a string of record highs.

The day's losses were slight but broad, with eight of the ten primary S&P 500 sectors down on the day. The biggest declining group, industrials, was down a slight 0.4 percent, and some sectors were down 0.1 percent.

"Momentum" stocks, marked by hyper levels of growth and concerns over valuation, were among the day's biggest outperformers, with a number of Internet names also higher on the day. Facebook Inc rose 3.5 percent to $65.05 while Netflix Inc was up 2.7 percent to $434.51.

Tuesday's decline comes after a string of gains for Wall Street. The S&P 500 has ended at a record for the past four sessions, and ended higher 11 times in the past 13 sessions.   Continuación...