US STOCKS-Wall St edges up; Dow, S&P hit fresh records

martes 11 de noviembre de 2014 12:28 GYT
 

* D.R. Horton advances after earnings

* Veterans Day holiday may curb volume

* Indexes up: Dow 0.13 pct, S&P 0.15 pct, Nasdaq 0.1 pct (Updates to late morning, updates earnings data)

By Chuck Mikolajczak

NEW YORK, Nov 11 (Reuters) - U.S. stocks were little changed on Tuesday, as investors paused after a strong rally, but the Dow and S&P 500 managed to edge up to set fresh intraday records for a fifth straight session.

On Monday, the benchmark S&P index had 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.

"At a time when the bulk of earnings season is behind us, the kind of calm market we are seeing this week is to be expected," said David Lebovitz, global market strategist at J.P. Morgan Funds in New York.

"That being said, we have come pretty far, pretty fast. I wouldn't be surprised to see the market consolidate a little, in the form of hovering around here or pulling back a little bit."   Continuación...