US STOCKS-Wall Street little changed after three-week rally

lunes 10 de noviembre de 2014 10:56 GYT

* Gilead climbs after Merck's hep C drug trial results

* McDonald's sales fall in October

* Dow off 0.05 pct, S&P up 0.01 pct, Nasdaq off 0.08 pct (Updates to market open)

By Chuck Mikolajczak

NEW YORK, Nov 10 (Reuters) - U.S. stocks were little changed on Monday, as investors paused in the absence of major market catalysts after the Dow and S&P 500 advanced for a third straight week to fresh record highs.

Earnings season begins to wind down this week, with 16 S&P 500 companies expected to report quarterly results, including retailers Wal-Mart and Macy's and network equipment maker Cisco Systems.

"We have had a nice run and last week we did see the markets largely go into neutral and take a bit of a pause," said Peter Kenny, chief market strategist at Clearpool Group in New York.

"Earnings season is coming to a close, there are no economic data releases for the next two days, we've gotten more or less the framing for the market."

McDonald's Corp rose 0.3 percent to $95.35 after its worldwide sales at restaurants open at least 13 months fell 0.5 percent in October but still beat expectations.   Continuación...