US STOCKS-Wall St to open flat after Dow, S&P 500 records

martes 11 de noviembre de 2014 10:00 GYT
 

* D.R. Horton falls in premarket after earnings

* Veteran's Day holiday may curb volume

* Futures up: Dow 12 pts, S&P 2 pts, Nasdaq 5.75 pts (Adds quote, updates prices)

By Chuck Mikolajczak

NEW YORK, Nov 11 (Reuters) - U.S. stocks were poised for a flat open on Tuesday, after the Dow and S&P 500 extended their streak of record closes for a fourth day.

Transportation and healthcare stocks helped boost the S&P 500 on Monday to its 39th new closing high for the year, versus 45 in 2013. The last time the index set a record high in four consecutive days was in June, while the last five-day streak was in May 2013.

The benchmark index has rallied 9.4 percent since hitting a six-month low in October, buoyed by supportive economic data and solid corporate earnings reports. For the year, the index is up 10.3 percent.

"It's been grinding higher, a pretty impressive rally off the bottom," said Andre Bakhos, managing director at Janlyn Capital LLC in Bernardsville, New Jersey.

"We have equity demand driven by the perception of improving economics and companies' earnings prospects."   Continuación...