US STOCKS-S&P 500, Nasdaq score 6th straight quarter of gains

lunes 30 de junio de 2014 17:03 GYT

* S&P 500 records longest streak of quarterly gains since 1998

* GM announces vast expansion of recalls; stock falls

* Dow down 0.2 percent; S&P 500 off 0.04 pct; Nasdaq up 0.2 percent (Updates to close)

By Angela Moon

NEW YORK, June 30 (Reuters) - The S&P 500 and the Nasdaq Composite indexes wrapped up a sixth straight quarter of gains on Monday, a streak not seen in more than 14 years.

The three major U.S. stock indexes, however, closed little changed for the day, following a set of mixed economic data.

After 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.

But the Nasdaq has now recorded its longest streak of quarterly gains since 2000. For the S&P 500, this is the best run of quarterly gains since 1998. The Dow also marked its fifth positive quarter of the last six.

"We are overextended in the short term, and I do see a bit of a near-term correction, but the dips are seen as opportunities to put cash to work," said Randy Frederick, managing director of trading and derivatives at the Schwab Center for Financial Research in Austin, Texas.   Continuación...