US STOCKS-Wall Street inches up to new highs; transports jump
* Dow transportation average hits new high; oil extends fall
* Cable companies fall after Obama net neutrality statement
* Indexes up: Dow 0.2 pct, S&P 0.2 pct, Nasdaq 0.3 pct (Updates to late afternoon)
By Caroline Valetkevitch
NEW YORK, Nov 10 (Reuters) - U.S. stocks rose slightly in late afternoon on Monday, lifting the Dow and S&P 500 to intraday highs after the indexes advanced for a third straight week, helped by transportation shares.
The Dow Jones transportation average was up 1.1 percent, also hitting another intraday record high, led by gains in railroad and airline shares.
Union Pacific was up 1.8 percent and among the top gainers on the S&P 500, while shares of JetBlue jumped 3.4 percent.
Results late Friday from Berkshire Hathaway showed profit from the BNSF railroad rose about 5 percent. Berkshire Class B shares were up 0.8 percent, also among the top gainers in the S&P 500.
Oil prices extended recent losses, with U.S. crude oil prices falling below $78 a barrel, helping airline shares as well as some consumer names. Continuación...