US STOCKS-Wall St little changed after Dow, S&P hit intraday records

martes 11 de noviembre de 2014 13:29 GYT
 

* D.R. Horton advances after earnings

* Veterans Day holiday may curb volume

* Indexes off: Dow 0.03 pct, S&P 0.03 pct, Nasdaq 0.03 pct (Updates to midday)

By Chuck Mikolajczak

NEW YORK, Nov 11 (Reuters) - U.S. stocks were little changed on Tuesday after the Dow and S&P 500 managed to touch fresh intraday records for a fifth straight session in early trading.

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 its last five-day streak was in May 2013.

The benchmark has rallied more than 9 percent from 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...