US STOCKS-Wall St rally stalls but Dow ekes out gain

Tue Nov 10, 2009 9:46pm GMT
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* MBIA shares fall 26.7 pct a day after results

* S&P 500 edges lower after six straight days of gains

* Dow up 0.2 pct; S&P down 0.1 pct; Nasdaq off 0.1 pct

* For up-to-the-minute market news, click [STXNEWS/US] (Updates to close)

By Rodrigo Campos

NEW YORK, Nov 10 (Reuters) - U.S stocks closed mostly lower on Tuesday as differing views on whether the market can build on recent gains stalled the S&P 500's six-day winning streak.

The Dow industrials eked out a small gain to set a fresh 13-month high as cautious statements on the economic outlook from several Fed officials underscored the belief that easy monetary policy will remain intact well into next year. For details see [ID:nN10315173].

"There's a lot of conflicting signals as to whether we get a sharp year-end rally with money pouring in, or whether we start to see profit-taking as investors look ahead to a potential jobless recovery in 2010," said Michael Sheldon, chief market strategist at RDM Financial in Westport, Connecticut.  Continued...

 
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