US STOCKS-Dow, S&P 500 set record highs in light volume

martes 11 de noviembre de 2014 17:48 GYT

* Veterans Day holiday curbs volume

* D.R. Horton advances after earnings

* Dow up 0.01 pct, S&P up 0.07 pct, Nasdaq up 0.19 pct (Updates to close)

By Caroline Valetkevitch

NEW YORK, Nov 11 (Reuters) - The Dow and S&P 500 eked out a fifth session of record closing highs on Tuesday, barely extending the market's recent rally in light volume as consumer discretionary shares gained.

The S&P 500's top percentage gainer was Zoetis, which jumped 8.9 percent to $43.72. Activist hedge fund manager William Ackman's Pershing Square Capital Holdings has taken a new position in the animal health company, two sources familiar with the matter said on Tuesday.

In the consumer discretionary space, shares of homebuilders rose after D.R. Horton reported better-than-expected quarterly revenue and said orders jumped 38 percent, suggesting an uptick in housing demand. D.R. Horton shares rose 2.2 percent to $23.95.

The S&P 500 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 so far, the index is up 10.4 percent.

"The market's had a huge run, and right now it's earned the right to sit and consolidate that move," said Adam Sarhan, chief executive of Sarhan Capital in New York.   Continuación...