US STOCKS-S&P 500, Nasdaq set for sixth straight quarter of gains

lunes 30 de junio de 2014 13:52 GYT

* S&P 500, Nasdaq to add to string of quarterly gains

* BNY Mellon stock rises after Trian discloses stake

* MannKind rallies on FDA's approval of inhaled insulin

* Dow down 0.1 pct; S&P 500 up 0.1 pct; Nasdaq up 0.4 pct (Updates to early afternoon)

By Angela Moon

NEW YORK, June 30 (Reuters) - U.S. stocks barely moved on Monday after a set of mixed economic data, but the S&P 500 and Nasdaq Composite indexes were set to close a sixth straight quarter of gains - a streak not seen in more than 14 years.

Following the S&P 500's 30 percent gain last year, many investors had expected a halt to an equity bull market that is now in its fifth year.

Utilities represented the S&P 500's best-performing sector in the second quarter of the year, while the retail sector was among the weakest.

The S&P 500 has scored 22 record closing highs so far this year, which has increased concerns among some investors that the market might be due for a technical pullback. Yet the CBOE Volatility Index, Wall Street's fear gauge, has held near multi-year lows.   Continuación...