US STOCKS-S&P 500 ends at a record as Fed optimism lingers

jueves 19 de junio de 2014 17:10 GYT

* Initial jobless claims fall in latest week

* Coach shares sink after revenue forecast

* BlackBerry jumps after earnings

* Dow up 0.1 pct; S&P 500 up 0.1 pct; Nasdaq down 0.1 pct (Updates to close)

By Caroline Valetkevitch

NEW YORK, June 19 (Reuters) - The S&P 500 ended at another record high on Thursday, extending gains for a fifth day on investors' optimism that the Federal Reserve will keep interest rates low for a long period of time.

The S&P 500's gain was slim, however, with the benchmark index recovering late in the session from earlier losses. Retailers, including Coach, weighed on the index.

The Dow also eked out a gain, while the Nasdaq slipped a day after the Fed lowered its forecast for target U.S. interest rates in the long term

The CBOE Volatility Index or the VIX, Wall Street's fear barometer, bounced back slightly, ending up 0.1 percent at 10.62, a day after closing at its lowest since February 2007.   Continuación...