US STOCKS-Wall St mixed with stimulus in focus; Dow hits over 5-mth high

(For a live blog on the U.S. stock market, click LIVE/ or
type LIVE/ in a news window.)
* Boeing top gainer on the Dow
* Eastman Kodak plummets as govt loan agreement put on ice
* Energy stocks outperform on strong crude
* Money to flow into cyclicals on growth hopes- Analyst
* Dow up 0.85%, S&P flat, Nasdaq down 0.81%

(Adds comment, details on Dow Jones, updates prices)
By Ambar Warrick and Medha Singh
Aug 10 (Reuters) - The S&P 500 and the Nasdaq fell on Monday
as investors rotated out of heavyweight technology stocks and
moved into lagging growth-linked sectors while awaiting word on
progress in the fiscal support bill to support the country's
battered economy.
The blue-chip Dow index touched a more than five-month high,
boosted by industrial and financials stocks. Planemaker Boeing
BA.N was the biggest gainer on the index, adding about 4.2%.
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 about 1%
below its February record high.
The Nasdaq .IXIC , which hit a record high every day of
last week, eased on Monday.
All three indexes opened higher after 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.
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." "I think the path is paved now between the vaccine news,
executive orders, economic data and earnings and that money on
balance in coming weeks and months will continue to move into
cyclicals," said Thomas Hayes, managing member at Great Hill
Capital Llc in New York.
"Particularly for many people who missed the rally,
(cyclical) is the only place where you can still find value."
Energy .SPNY and industrials .SPLRCI led gains among
major S&P sectors. The two indexes are among the top three worst
performers this year.
Technology .SPLRCT and communication services .SPLRCL
fell about 0.8% each.
Tensions between Washington and Beijing were also at play,
after Trump signed executive orders last week banning major
Chinese technology firms in 45 days' time while announcing
sanctions on 11 Chinese and Hong Kong officials.
At 11:31 a.m. ET, the Dow Jones Industrial Average .DJI
was up 234.15 points, or 0.85%, at 27,667.63, the S&P 500 .SPX
was down 1.23 points, or 0.04%, at 3,350.05. The Nasdaq
Composite .IXIC was down 88.70 points, or 0.81%, at 10,922.29.
Among individual movers, Eastman Kodak Co KODK.N sank
30.7% 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." Microsoft Corp MSFT.O fell 2.2% as sources said its bid to
carve out parts of TikTok from its Chinese owner ByteDance will
be a technically complex endeavor that could test the patience
of the White House. The No. 1 U.S. mall owner Simon Property Group SPG.N rose
7.9% after a report that it has been in talks with Amazon.com
Inc AMZN.O about turning some of its department-store sites
into Amazon fulfillment centers. Advancing issues outnumbered decliners by a 2.53-to-1 ratio
on the NYSE and by a 1.47-to-1 ratio on the Nasdaq.
The S&P index recorded 31 new 52-week highs and no new low,
while the Nasdaq recorded 86 new highs and nine new lows.