US STOCKS-S&P 500, Dow flat after three-day rally

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* Norwegian Cruise Line falls on extending trip suspensions
* Oracle slips after revenue miss
* Nasdaq about 1% below June 10 record high
* Dow dips 0.10%, S&P flat, Nasdaq up 0.50%

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By Medha Singh and Devik Jain
June 17 (Reuters) - The S&P 500 and the Dow were largely
flat on Wednesday as a record rise in coronavirus cases in six
U.S. states dented sentiment following a three-day rally on
hopes of a swift recovery from a coronavirus-driven downturn.
Arizona, Florida and Oklahoma were among the states that saw
a record increase in new infections on Tuesday as businesses
reopened. Beijing extended its movement curbs as it fought the
worst resurgence of the disease since early February.
Cruise operator Norwegian Cruise Line Holdings Ltd NCLH.N
tumbled about 6.7% as it extended the suspension of its voyages
through September end due to the virus outbreak. Peers Carnival Corp CCL.N and Royal Caribbean Cruises Ltd
RCL.N also dropped 6.1% and 7.8% each.
The benchmark S&P 500 .SPX wrapped up its best three-day
percentage rise in a month on Tuesday after a report on a
massive fiscal stimulus plan and a stunning retail sales report
for May reflected a pickup in demand as businesses reopened.
"The market got ahead of itself based on the Fed stimulus,"
Matt Peden, chief investment officer at GuideStone Capital
Management in Dallas said. "There could be further consolidation
in the marketplace, that would be healthy, and would bring
stocks closer to a more rational valuation level."
Encouraging economic data and trillions of dollars in
monetary and fiscal stimulus have propelled a rally in the Wall
Street indexes from their late-March trough.
The S&P 500 is about 3% below its record closing high hit in
February, while the tech-heavy Nasdaq .IXIC was about 1% below
its all-time closing high on June 10.
Federal Reserve Chair Jerome Powell warned on Tuesday that a
full recovery is unlikely until the public is confident that the
disease is under control, as he testified before U.S. lawmakers.
The second day of his virtual hearing will begin at 12 p.m. ET
(1400 GMT).
At 11:09 a.m. ET, the Dow Jones Industrial Average .DJI
was down 25.50 points, or 0.10%, at 26,264.48, the S&P 500
.SPX was up 0.91 points, or 0.03%, at 3,125.65. The Nasdaq
Composite .IXIC was up 49.02 points, or 0.50%, at 9,944.88
with Apple Inc AAPL.O , Microsoft Corp MSFT.O and Amazon.com
AMZN.O providing the biggest boost.
Energy .SPNY and utilities .SPLRCU led losses among the
major S&P sectors.
Oracle Corp ORCL.N fell 4.2% after its quarterly revenue
missed estimates as the pandemic led clients in the hospitality,
retail and transportation sectors to postpone purchases.
Declining issues outnumbered advancers for a 1.47-to-1 ratio
on the NYSE and a 1.33-to-1 ratio on the Nasdaq.
The S&P index recorded nine new 52-week highs and no new
low, while the Nasdaq recorded 86 new highs and four new lows.