US STOCKS-Wall Street climbs modestly after three-week run
* Gilead climbs after Merck's hepatitis C drug trial results
* McDonald's sales fall in October
* Cable companies fall after Obama net neutrality statement
* Indexes up: Dow 0.16 pct, S&P 0.25 pct, Nasdaq 0.3 pct (Updates to midday)
By Chuck Mikolajczak
NEW YORK, Nov 10 (Reuters) - U.S. stocks rose modestly on Monday, as an absence of major market catalysts gave investors little reason to make big bets after the Dow and S&P 500 advanced for a third straight week to 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.
"Sort of a reluctant rally on the day," said Tim Ghriskey, chief investment officer of Solaris Group in Bedford Hills, New York.
"It's been a very sharp rally off a very sharp correction, no reason it shouldn't go higher but all it takes is one very determined seller to start a cascade of selling." Continuación...