* U.S. stocks range-bound after touching 13-month high
* Dollar rises off 15-month low as risk appetite eases
* Sterling drops on Fitch credit-worthiness warning (Updates with U.S. closing prices)
By Manuela Badawy
NEW YORK, Nov 10 (Reuters) - U.S. stocks finished little changed on Tuesday as investors paused after the Dow touched a 13-month high the previous day, while the U.S. dollar edged up from a 15-month low against major currencies.
Prices of U.S. government debt were also steady after the Treasury sold $25 billion of 10-year notes and sterling sank after a rating agency's comment on UK risk.
A day after stocks rallied on expectations that U.S. interest rates will stay near zero well into next year, investors took a breather and the market traded range-bound.
"Monetary and fiscal stimulus has clearly taken hold, and has resulted in an initial growth spurt that has been sharp and fast," noted Bob Doll, chief investment officer for global equities at BlackRock in New York.
"At some point, we believe markets will require clearer evidence that corporate revenue growth is sustainable, and unless or until that occurs, we should see some continued back-and-forth action in the markets."
The Dow Jones industrial average <.DJI> ended up 20.03 points, or 0.20 percent, at 10,246.97. The Standard & Poor's 500 Index <.SPX> ended down 0.07 point, or 0.01 percent, at 1,093.01. The Nasdaq Composite Index <.IXIC> finished down 2.98 points, or 0.14 percent, at 2,151.08.
Sterling fell broadly after Fitch Ratings said Britain was
the major economy most at risk of losing its AAA rating.
Sterling fell as low as $1.6600
The dollar traded up slightly against a basket of six major
currencies, with the U.S. dollar index <.DXY> at 75.022. The
euro
Risk appetite eased as the sell-off in U.S. dollars abated, having "moved a little too far, too quickly," said John Doyle, foreign exchange strategist at Tempus Consulting in Washington, yet the trend towards dollar weakness remains in place.
U.S. crude oil
Oil prices have risen 77 percent so far this year but they are still nearly 47 percent below their high of more than $147 a barrel struck in July last year.
U.S. Treasury debt prices steadied after a $25 billion auction of benchmark 10-year notes drew decent demand but did little to dampen caution ahead of this week's 30-year note sale.
The 10-year note
The December bund futures
MSCI world equity index <.MIWD00000PUS> fell 0.2 percent, while the FTSEurofirst 300 index <.FTEU3> slipped 0.2 percent. In Asia <.MIAPJ0000PUS> emerging stocks rose 0.6 percent.
Emerging stocks <.MSCIEF> rose 0.2 percent. (Editing by Kenneth Barry)