US STOCKS-Wall Street mixed with eyes on earnings

Reuters

* Netflix, Texas Instruments to post earnings after theclosing bell

* September home resales fall, price appreciation slows

* Dow off 0.1 pct, S&P 500 flat, Nasdaq up 0.3 pct

By Rodrigo Campos

NEW YORK, Oct 21 (Reuters) - U.S. stocks were little changedon Monday after the S&P 500 hit a fresh intraday record high,boosted by gains in Apple after a bullish research note, whileunderwhelming results from McDonald's weighed on the Dow.

The S&P 500 on Friday capped its biggest weekly gain inthree months on stronger-than-expected earnings from companiesincluding Google and Morgan Stanley and as a deal in Washingtonhelped avert a possible government default and reopened thefederal government after a 16-day shutdown.

"It is positive that investors are focusing on companyfundamentals" and not on political dealings in Washington, saidPeter Jankovskis, co-chief investment officer at OakBrookInvestments in Lisle, Illinois.

"The good news is we're returning to reactions that arestock specific," he said.

Apple led gains on the S&P 500 and Nasdaq afterSociete Generale lifted its price target on the stock to $575from $500 and advised clients to buy shares. The stock rose 2.3percent to $520.82.

Shares of McDonald's fell 0.9 percent to $94.35,ranking the restaurant chain as the top point decliner in theDow industrials. McDonald's reported revenue that missedestimates and warned global October sales could be relativelyflat.

Other companies expected to report results on Monday includeNetflix and Texas Instruments. More than 25percent of the S&P 500 components are due to report this week.

The Dow Jones industrial average fell 7.83 points or0.05 percent, to 15,391.82, the S&P 500 gained 0.62points or 0.04 percent, to 1,745.12 and the Nasdaq Composite added 11.153 points or 0.28 percent, to 3,925.431.

Hasbro, up 7.7 percent at $50.91, was one of the topperformers on the S&P 500 after the toy maker topped WallStreet's profit estimates.

JPMorgan Chase & Co shares edged up after it reacheda tentative $13 billion deal with the U.S. government to settleinvestigations into bad mortgage loans sold to investors byJPMorgan and the banks it bought during the financial crisis.Shares rose 0.4 percent to $54.51.

"A settlement of this size brings closure for many and itallows them to put the episode behind," said Andre Bakhos,managing director at Janlyn Capital LLC in Bernardsville, NewJersey.

Shares of Tellabs Inc rose 4 percent to $2.45 afterthe network services provider agreed to be taken private byMarlin Equity Partners for $891 million.

The market barely reacted to news that U.S. home resalesfell in September and prices rose at their slowest pace in fivemonths, in the latest signs higher mortgage rates were takingsome edge off the housing market recovery.

Japan's exports rose but were well short of expectations inSeptember, a sign that slowing demand in Asia was taking theshine off Prime Minister Shinzo Abe's stimulus policies andclouding the outlook for a recovery.

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