US STOCKS-Wall Street at record highs as year-end rally continues

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* Upbeat China data signals resilience in global economy

* Amazon extends Thursday's rally on online holiday sales

* Indexes up: Dow 0.24%, S&P 0.14% , Nasdaq 0.06%

(Updates prices)

By Manas Mishra

Dec 27 (Reuters) - U.S. stock indexes rose slightly on

Friday, continuing a year-end record rally that has been fueled

by optimism over a U.S.-China trade truce and an improving

global economy.

The benchmark S&P 500 index .SPX is about half a

percentage point shy of logging its best year since 1997. The

Nasdaq .IXIC crossed the 9,000 point mark for the first time

on Thursday.

While Wall Street's main indexes pulled back briefly from

their record opening levels, they were back at all-time highs.

"We've had such a long run so far that it now feels a bit

overstretched," said Katrina Lamb, head of investment strategy

and research at MV Financial, in Bethesda, Maryland.

"These moves are expected in the absence of anything

earth-shaking happening."

Robust U.S. economic data, relatively loose monetary policy

and hopes of an imminent trade truce between Beijing and

Washington have sent U.S. stock indexes to multiple record highs

this month.

The world's top two economies announced their Phase 1 deal

earlier this month, but have since disclosed few concrete

details. Beijing said this week it was in close contact with

Washington on the pact.

Signaling a resilience in the global economy, data on Friday

showed profits at China's industrial firms grew at the fastest

pace in eight months in November, but broad weakness in domestic

demand remains a risk for company earnings next year.

At 11:25 a.m. ET, the Dow Jones Industrial Average .DJI

was up 68.95 points, or 0.24%, at 28,690.34, the S&P 500 was up

4.63 points, or 0.14%, at 3,244.54. The Nasdaq Composite was up

5.44 points, or 0.06%, at 9,027.83.

Shares of Amazon Inc AMZN.O rose 1.4%, after having risen

about 4% on Thursday after a report showed U.S. shoppers spent

more online during the holiday shopping season than in 2018.

Netflix Inc NLFX.O and Alphabet Inc GOOG.O were among

the biggest drags on the S&P 500 and Nasdaq. The so-called FAANG

group of stocks have logged a good run over the past decade,

with shares of Netflix up 4,100% in the same period.

Advancing issues outnumbered decliners for a 1.33-to-1 ratio

on the NYSE and a 1.31-to-1 ratio on the Nasdaq.

The S&P index recorded 53 new 52-week highs and no new low,

while the Nasdaq recorded 69 new highs and 17 new lows.

World stock markets in 2019 https://tmsnrt.rs/399IrGu

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