US STOCKS-Wall St inches lower after Dow, S&P hit intraday records
* D.R. Horton breakthroughs after incomes
* Veterans Day holiday aesthetics quantity
* Indexes off: Dow 0.1 pct, S&P 0.1 pct, Nasdaq 0.03 pct (Updates to mid-day trading, modifications byline)
By Caroline Valetkevitch
NEW YORK, Nov 11 (Reuters) – UNITED STATE stocks bordered lower onTuesday afternoon after the Dow and also S&P 500 took care of to touchfresh intraday documents for a 5th straight session in earlytrading.
Amongst the S&P 500’s most significant percent decliners, the stockof Juniper Networks (NYSE: JNPR – information) dropped 3.8 percent, a day after thecompany’s primary executive surrendered following a board review ofhis conduct in a settlement with a consumer.
The benchmark S&P index had established its 39th new closing highfor the year on Monday, versus 45 such highs in 2013. The lasttime the index closed at a record for 4 consecutive days wasin June, while its prior five-day streak was in Might 2013.
The benchmark has rallied more compared to 9 percent from asix-month low in October, buoyed by supportive financial information andsolid company profits records. For the year, the index is upover 10 percent.
“We have actually come very much, very quick. I wouldn’t besurprised to see the market consolidate a little, in the kind ofhovering around right here or pulling back a little,” claimed DavidLebovitz, worldwide market strategist at J.P. Morgan Finances in NewYork.
At 1:49 p.m., the Dow Jones commercial average fell16.53 points, or 0.09 percent, to 17,597.21, the S&P 500 lost 1.74 factors, or 0.09 percent, to 2,036.52 as well as the NasdaqComposite went down 1.26 points, or 0.03 percent, to4,650.36.
Amongst the day’s gainers, D.R. Horton increased 1.4 percent. The largest U.S. homebuilder reportedbetter-than-expected quarterly profits and also claimed orders jumped 38percent, recommending an uptick in housing need.
There were no UNITED STATE government economic reports on Tuesdaydue to the united state Veterans Day holiday, which also delivered to keepvolume light.
Wire service providers remained under tension for a secondstraight session after UNITED STATE Head of state Barack Obama claimed onMonday that Access provider need to be controlled morelike public energies. Comcast was down 0.7 percent.
Decreasing issues outnumbered advancing ones on the NYSE by1,651 to 1,338, for a 1.23-to-1 proportion on the drawback; on theNasdaq, 1,497 concerns dropped as well as 1,127 advanced for a 1.33-to-1ratio favoring decliners. (Extra reporting by Chuck Mikolajczak; Modifying by NickZieminski)
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