US STOCKS-Wall St flat as investors pause after record-setting day
* Walt Disney drops after results, deal announced overnight
* Perrigo down after forecast cut
* Yelp rises on surprise profit
* Indexes down: Dow 0.02 pct, S&P 0.03 pct, Nasdaq 0.11 pct (Updates to open)
By Yashaswini Swamynathan
Aug 10 (Reuters) - Wall Street opened little changed on Wednesday as investors paused after a day when the S&P 500 and the Nasdaq hit record highs and the Dow closed 0.4 percent shy of its all-time high.
A rally since late June has left the S&P up nearly 7 percent in 2016, as expectations of continued low interest rates encourage investors to buy into equities.
"Everybody is at the beach and they aren't even calling in trades anymore," said Kim Forrest, a senior equity research analyst at Fort Pitt Capital Group in Pittsburgh.
"In times of low volumes, moves up or moves down are greatly exaggerated, because there is not enough participants to absorb those extra shares." Continuación...