US STOCKS-Wall Street's five-day rally flickers out as earnings near

* Financial stocks flat ahead of bank earnings next week

* Energy stocks log biggest losses as oil prices drop

* GM surges on upbeat 2019 earnings outlook

* Indexes end down: Dow 0.02 pct, S&P 500 0.01 pct, Nasdaq0.21pct (Updates to close)

By Noel Randewich

Jan 11 (Reuters) - Wall Street dipped slightly on Friday,breaking a five-session rally, as energy shares declined andinvestors looked ahead to earnings season, which kicks off nextweek with Citigroup, JPMorgan and other big banks.

Underpinned by optimism over China-U.S. trade talks andexpectations of a slow pace of interest rate hikes from theFederal Reserve, the stock market's winning streak throughThursday added 6 percent to the S&P 500 .SPX and left it upabout 10 percent from the 20-month low it hit around Christmas.

The S&P 500 on Friday ended down just 0.01 percent afterrecovering from a loss of 0.74 percent earlier in the session.

"We've clawed our way back and now the market is justwaiting ahead of the start of earnings season next week," saidDonald Selkin, Chief Market Strategist at Newbridge Securitiesin New York. "We're just drifting."

The S&P energy index .SPNY was off 0.63 percent, leadingdeclines among 11 sectors, as oil prices LCOc1 dropped afternine days of gains. O/R

The financial index .SPSY climbed 0.17 percent. CitigroupInc C.N , which will report earnings on Monday, rose 0.44percent after agreeing to give shareholder ValueAct Capital moreaccess to its books and board of directors.*:nL1N1ZB0MU

JPMorgan Chase & CoJPM.N , which reports on Tuesday,declined 0.48 percent. Some bargain hunters are betting on astronger 2019 for banks after the S&P 500 bank index .SPXBK fell 18.4 percent in 2018.*:nL1N1ZB1B5

U.S. stocks took a severe beating in the last quarter of2018 due to worries over trade, interest rate hikes and aslowdown in global growth.

Analysts expect S&P 500 companies' earnings per share togrow by 6.4 percent this year, compared with 23.5 percent in2018, when they were supercharged by newly enacted corporate taxcuts, according to IBES data from Refinitiv.

General MotorsGM.N gave a strong earnings forecast for2019, sending the automaker's shares surging 7.05 percent.*:nL3N1ZB3X2

The Dow Jones Industrial Average .DJI ended down 0.02percent at 23,995.95 points, while the Nasdaq Composite .IXIC dropped 0.21 percent to 6,971.48.

The S&P 500 .SPX ended down 0.38 points at 2,596.26.

For the week, the S&P 500 rose 2.5 percent, the Dow added2.4 percent and the Nasdaq picked up 3.4 percent.

Netflix IncNFLX.O rose 3.98 percent, bringing its gain in2019 to 26 percent, helped by analysts' optimistic forecasts forsubscriber growth ahead of its earnings next week.*:nL3N1ZB3KW

Activision Blizzard IncATVI.O slumped 9.37 percent, themost on the S&P 500, after it transferred publishing rights forits "Destiny" video game franchise to Bungie.*:nL3N1ZB3H2

Advancing issues outnumbered declining ones on the NYSE by a1.23-to-1 ratio; on Nasdaq, a 1.18-to-1 ratio favored advancers.

The S&P 500 posted no new 52-week highs and no new lows; theNasdaq Composite recorded 20 new highs and 9 new lows.

Volume on U.S. exchanges was 6.8 billion shares, comparedwith the 8.9 billion-share average over the last 20 tradingdays. (Additional reporting by Sruthi Shankar in Bengaluru; editingby Bill Berkrot) ((; Twitter handle: @randewich (415) 6772542; Reuters

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of NASDAQ, Inc.