* P&G expects sales to improve next quarter
* Monsanto tumbles as 2010 forecasts misses expectations
* Dow up 0.1 pct, S&P up 0.1 pct, Nasdaq up 0.2 pct
(Updates to midmorning)
By Leah Schnurr
NEW YORK, Sept 10 (Reuters) - U.S. stocks edged up on Thursday, extending a run up into a fifth trading session, with a brighter outlook from consumer products maker Procter & Gamble Co countering a dim forecast from Monsanto Co.
The day's round of corporate guidance also included a
cheery outlook from Texas Instruments Inc
Monsanto dragged the S&P materials index <.GSPM> down 1.4 percent. For details, see [ID:nBNG358350]
"Investors are waiting for an assessment on what type of recovery it is," said Alan Lancz, president of Alan B. Lancz & Associates Inc in Toledo, Ohio.
"I do think if the market continues its rally into the fourth quarter, that we're borrowing gains from 2010 from the standpoint it will be reflecting a v-shaped recovery, and any disappointment there will hurt."
Yahoo Inc
The Dow Jones industrial average <.DJI> added 9.60 points, or 0.10 percent, to 9,556.82. The Standard & Poor's 500 Index <.SPX> edged up 0.92 points, or 0.09 percent, at 1,034.29. The Nasdaq Composite Index <.IXIC> gained 4.95 points, or 0.24 percent, to 2,065.34.
Analysts said stocks were due for a breather after a four-day run that saw the S&P 500 index close Wednesday's session at its highest level in nearly a year.
Procter & Gamble was the Dow's biggest lift, gaining 4.5 percent to $56.17 after it affirmed its earnings forecast for the current quarter and said sales would improve in the next quarter. [ID:nN10385371]
Bellwether Texas Instruments raised its third-quarter forecast after the bell Wednesday, expecting to ride a gradual recovery in the global semiconductor industry. The stock added 0.2 percent to $25.18, while semiconductor shares <.SOXX> gained 0.6 percent. [ID:nN09361096] (Editing by Padraic Cassidy)