REFILE-US STOCKS-S&P 500 ends up slightly, tech-related shares underperform value

(Refiles to add dropped letter to headline)
* Eastman Kodak plummets as government loan agreement put on
ice
* Energy stocks outperform

By Caroline Valetkevitch
Aug 10 (Reuters) - The S&P 500 ended up slightly and the
Nasdaq fell on Monday as investors extended a rotation into
value stocks from heavyweight tech-related names while awaiting
news on progress in a U.S. fiscal support bill.
The Nasdaq, which hit a record high every day of last week,
was dragged lower by Microsoft Corp MSFT.O , Amazon.com Inc
AMZN.O and Facebook Inc FB.O . The Dow sharply outperformed
the other two major indexes.
Value stocks, which tend to outperform growth coming out of
a recession, have gotten a lift in recent days. The Russell 1000
value .RLV index rose, while the Russell 1000 growth .RLG
index slipped.
Similar rotations in recent years have not lasted very long,
said Paul Nolte, portfolio manager at Kingsview Investment
Management in Chicago.
"Part of the reason the S&P 500 has been held back is we're
starting to see yet another rotation to value and away from
growth," he said. "That tends to hold back the S&P because it's
so dominated by big tech."
But, he said, at this point, "I'm looking at this more as a
correction of growth than it is people abandoning stocks."
Bets on a potential coronavirus vaccine, historic fiscal and
monetary support, and more recently, a better-than-expected
second-quarter earnings season have brought the S&P 500 close to
its February record closing high.
Unofficially, the Dow Jones Industrial Average .DJI rose
359.4 points, or 1.31%, to 27,792.88, the S&P 500 .SPX gained
9.33 points, or 0.28%, to 3,360.61 and the Nasdaq Composite
.IXIC dropped 42.63 points, or 0.39%, to 10,968.36.
Providing some support, U.S. President Donald Trump signed
executive orders that partly restored enhanced unemployment
benefits after talks between the White House and top Democrats
in Congress about fresh stimulus broke down last week.
U.S. Treasury Secretary Steven Mnuchin, in an interview to
CNBC on Monday, said the Trump administration and Congress could
reach an agreement as soon as this week if Democrats are
"reasonable." Energy .SPNY and industrials .SPLRCI , among the worst
performers this year, gained, while technology .SPLRCT and
communication services .SPLRCL fell.


Among individual movers, Eastman Kodak Co KODK.N sank
after its $765-million loan agreement with the U.S. government
to produce pharmaceutical ingredients was put on hold due to
"recent allegations of wrongdoing." <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
3-month spread between Russell 100 growth and value indexes https://tmsnrt.rs/33Hf525
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