US STOCKS-Wall St edges down amid mixed earnings after market's record highs

martes 19 de julio de 2016 15:17 GYT
 

* Netflix plunges as customer growth slows

* J&J shares climb after strong results

* IMF cuts global growth forecast on Brexit uncertainty

* Dow up 0.05 pct, S&P down 0.24 pct, Nasdaq down 0.42 pct (Updates to late afternoon)

By Lewis Krauskopf

July 19 (Reuters) - The S&P 500 pulled back from record highs on Tuesday, while the Dow industrials held slim gains as investors digested a mixed bag of earnings reports as well as lowered expectations for global economic growth.

Netflix's disappointing quarterly results weighed down the S&P 500 and the Nasdaq, while Johnson & Johnson's strong earnings and forecast helped prop up the Dow.

The International Monetary Fund cut its global growth forecasts for the next two years, citing uncertainty over Britain's looming exit from the European Union.

Even with the economic concerns triggered by Britain's recent vote, the S&P 500 and Dow have hit record highs in the past week. But investors are closely watching U.S. corporate earnings for signals on whether the momentum for equities can be maintained.   Continuación...