US STOCKS-Wall St ticks up after strong GDP report

martes 25 de noviembre de 2014 15:41 GYT

* GDP reading much better than expected

* Consumer confidence hits five-month low

* Apple briefly crosses $700 bln market cap

* Indexes up: Dow 0.14 pct, S&P 0.04 pct, Nasdaq 0.17 pct (Updates prices, changes comment, byline)

By Rodrigo Campos

NEW YORK, Nov 25 (Reuters) - The S&P 500 hit a record high on Tuesday as the U.S. economy rose more than expected last quarter but soft readings on consumer confidence and house prices kept major indexes in a tight range near the unchanged level.

Third-quarter economic growth came in much stronger than expected but other data showing consumer confidence sliding to a five-month low and a further moderation in house price gains put a lid on the market's initial advance.

The moves were not showing much conviction and volume was expected to be low as the Thanksgiving holiday approached. U.S. markets will be closed on Thursday, while Friday will be a half-day session on Wall Street.

"I do expect lower volumes and the market moving sideways," said James Liu, global market strategist for J.P. Morgan Funds in Chicago.   Continuación...