S&P 500 at fresh record; Dow snaps winning streak

Traders work on the floor of the New York Stock Exchange Dec 29, 2014.  The S&P 500 edged up to a fresh record, while the Dow ended a seven-day winning streak as Wall Street investors digested last week's surge. -- PHOTO: REUTERS
Traders work on the floor of the New York Stock Exchange Dec 29, 2014.  The S&P 500 edged up to a fresh record, while the Dow ended a seven-day winning streak as Wall Street investors digested last week's surge. -- PHOTO: REUTERS

NEW YORK (AFP) - The S&P 500 edged up to a fresh record, while the Dow ended a seven-day winning streak as Wall Street investors digested last week's surge.

The broad-based S&P 500 gained 2.01 points (0.10 per cent) at 2,090.78, marking its second record close in a row.

The Dow Jones Industrial Average dipped 14.32 (0.08 per cent) to 18,039.39, while the tech-rich Nasdaq Composite Index was essentially flat, gaining a scant 0.05 point at 4,806.91.

Stock markets in Britain, France and Germany rallied into positive territory after initially falling on news that Greece was headed for snap polls after the parliament failed to elect a leader for the third time, raising uncertainty about the country's economic reforms under an international rescue program.

"We saw some potential negatives for markets coming from Greece, but it seems mostly isolated to Greece and Europe specifically," said David Levy, portfolio manager at Kenjol Capital Management.

"There is little news coming to the market in a thinly traded market."