US STOCKS-S&P 500, Nasdaq hold at record levels after Trump remarks

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* Trump reiterates trade deal could happen soon
* Walt Disney gains after Disney+ launch
* Rockwell jumps after profit beat
* CBS drops on revenue miss
* Indexes up: Dow 0.13%, S&P 0.33%, Nasdaq 0.47%

(Changes comment, updates to early afternoon)
By Arjun Panchadar
Nov 12 (Reuters) - The S&P 500 and Nasdaq indexes remained
at record levels on Tuesday spurred by gains in trade-sensitive
technology stocks, after President Donald Trump reiterated that
the United States was close to signing a "phase one" trade deal
with China.
Hopes of a resolution to the 16-month long tariff dispute
and a strong corporate earnings season have powered Wall
Street's gains so far this month.
During his speech at the Economic club of New York, Trump
said a trade deal could happen soon, but said that Washington
would only accept a deal if it was good for the United States
and its workers. Nine of the 11 major S&P 500 sectors were trading higher,
with the technology sector .SPLRCT and healthcare shares
.SPXHC providing the biggest boost to the benchmark index.
The Philadelphia Semiconductor index .SOX also rose 0.82%.
"He was beating on China little bit, but not too much. He
kind of left the door open, if you will, to actually getting a
deal," said Randy Frederick, vice president of trading and
derivatives for Charles Schwab in Austin, Texas.
"The concern was that he might say something negative on
China that would have an impact, but don't think he has been
that hard on them."
About three quarters of the S&P 500 companies that have
reported results so far have topped analysts' profit
expectations, according to Refinitiv data.
Earnings from big firms including Walmart Inc WMT.N ,
Nvidia Corp NVDA.O and Cisco Systems Inc CSCO.O as well as a
fresh set of economic data are due this week.
On the data front, retail sales in October is expected to
rebound from a surprise contraction in the previous month, while
industrial production is likely to decline by the same measure
as the prior month.
Federal Reserve Chair Jerome Powell will also give his
comments on the domestic economic outlook this week.
At 1:17 p.m. ET the Dow Jones Industrial Average .DJI was
up 36.82 points, or 0.13%, at 27,728.31, while the S&P 500
.SPX was up 10.32 points, or 0.33%, at 3,097.33. The Nasdaq
Composite .IXIC was up 39.94 points, or 0.47%, at 8,504.22.
Among stocks, Walt Disney Co DIS.N rose 1.4% as the
company said demand for its much-anticipated streaming service,
Disney+, was well above its expectations in a launch marred by
complaints from users about glitches and connection problems.
Shares of Netflix Inc NFLX.O were down 0.7%. Rockwell Automation Inc ROK.N jumped 12% as the factory
automation equipment maker beat fourth-quarter profit
expectations and forecast 2020 earnings above estimates.
CBS Corp CBS.N dropped 3.1% after the media company missed
quarterly revenue estimates. Shares of Viacom Inc VIAB.O ,
which is merging with CBS, were also down 3%. Advancing issues outnumbered decliners for a 1.25-to-1 ratio
on the NYSE and a 1.22-to-1 ratio on the Nasdaq.
The S&P index recorded 40 new 52-week highs and one new low,
while the Nasdaq recorded 96 new highs and 75 new lows.