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

martes 11 de noviembre de 2014 10:59 GYT
 

* D.R. Horton advances after earnings

* Veterans Day holiday may curb volume

* Indexes off: Dow 0.14 pct, S&P 0.14 pct, Nasdaq 0.24 pct (Updates to market open)

By Chuck Mikolajczak

NEW YORK, Nov 11 (Reuters) - U.S. stocks were little changed shortly after the open on Tuesday, as investors paused after the Dow and S&P 500 extended their streak of record closes to a fourth day.

Both the indexes briefly managed to climb to a fresh intraday record for a fifth straight day on Tuesday. On Monday, the benchmark S&P set its 39th new closing high for the year, versus 45 in 2013. The last time the index closed at 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 more than 9 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 over 10 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...