* Dow on track for seventh straight weekly gain
* Nov. home sales at highest level in four months
* U.S.-listed shares of Deutsche Bank rise after DOJ
* Dow down 0.03 pct, S&P flat, Nasdaq up 0.04 pct
(Adds details, changes comment, updates prices)
By Tanya Agrawal
Dec 23 Wall Street treaded water in light
pre-holiday trading on Friday, with the three major indexes on
track to post weekly gains.
The Dow Jones Industrial Average, which came within spitting
distance of the historic 20,000 mark earlier this week, looked
set to record its seventh straight weekly gains.
"There's really nothing to move the market one way or
another," said Mohannad Aama, managing director at Beam Capital
Management in New York.
"We are in a holding pattern after the Trump rally and
there's nothing really to factor in until 2017. Investors are
closing the books for the year."
Following a sharp rally since the Nov. 8 U.S. election, the
Dow is up about 14 percent for the year and the S&P 500 is 11
percent higher on bets that the economy will benefit from
Trump's plans for deregulation and infrastructure spending.
U.S. markets are shut for the Christmas holiday on Monday.
At 10:45 a.m. ET (1545 GMT) the Dow Jones industrial average
was down 6.68 points, or 0.03 percent, at 19,912.2.
The S&P 500 was up 0.04 points, or 0.001 percent, at
The Nasdaq Composite was up 2.26 points, or 0.04
percent, at 5,449.68.
Eight of the 11 major S&P sectors were lower, although
losses were modest. The telecommunications index's
0.23 percent fall lead the decliners.
The health index rose 0.55 percent, boosted by
Allergan's 1.81 percent gain.
Economic data showed new single-family home sales rose to
their highest levels in four months in November, with sales
increasing 5.2 percent to 592,000 last month.
Cintas fell 4.4 percent to $114.80 after the
uniforms supplier reduced the lower end of its revenue forecast.
U.S.-listed shares of Credit Suisse fell 0.6 percent
to $14.84, while Deutsche Bank rose 1.1 percent to $18.74
after the two European lenders were hit with a combined penalty
of more than $12 billion over the sale of U.S. toxic debt.
Synergy Pharmaceuticals jumped 9.1 percent to $5.18
after the drug developer said data showed its irritable bowel
syndrome- tablet met the main goal.
While stocks will trade for the full day, the U.S. bond
market will close at 2 p.m. ET.
Advancing issues outnumbered decliners on the NYSE by 1,685
to 1,040. On the Nasdaq, 1,643 issues rose and 943 fell.
The S&P 500 index showed six new 52-week highs and one new
low, while the Nasdaq recorded 34 new highs and 21 new lows.
(Reporting by Tanya Agrawal in Bengaluru; Editing by Anil