US STOCKS-Wall St wavers after S&P and Dow hit new highs
* S&P 500, Dow hit new intraday highs
* Investor focus now on earnings, valuations
* JetBlue up after June traffic report
* Dow up 0.02 pct, S&P flat, Nasdaq down 0.01 pct (Adds details, comments, updates prices)
By Yashaswini Swamynathan
July 13 (Reuters) - After a three-day record-setting rally, U.S. stocks took a breather on Wednesday, with investor focus now on corporate reports to see if the higher valuations are justifiable.
A strong U.S. jobs report on Friday, easing political tension in Japan and Britain and increased prospects of central banks providing stimulus post Britain's vote to leave the European Union, calmed nerves and boosted faith in equities.
The S&P hit a record high for the third consecutive day on Wednesday. However, the three major U.S. indexes struggled to sustain momentum as investors looked for new catalysts.
"Markets are digesting their recent gains and are somewhat directionless. I think that it will be hard for us to go up much from here unless there are some positive surprises," said Daniel Kern, chief investment strategist at TFC Financial Management in Boston. Continuación...