US STOCKS-Wall St edges higher, investors look to earnings

lunes 21 de abril de 2014 11:55 GYT
 

* S&P 500 coming off biggest weekly gain since July

* Earnings seen driving trading, dozens of names report this week

* Results from Netflix expected after the market close

* Dow up 0.1 pct, S&P 500 up 0.2 pct, Nasdaq up 0.3 pct (Updates to midday trading)

By Ryan Vlastelica

NEW YORK, April 21 (Reuters) - U.S. stocks rose slightly on Monday as investors found few reasons to push indexes sharply higher following a strong rally last week and ahead of key earnings releases.

The S&P 500 posted its best week since July last week, boosted by results from such names as General Electric Co and Morgan Stanley. If the index ends higher, it will be the fifth straight daily rise for the benchmark.

With fewer than one-fifth of S&P 500 companies having reported results so far, about 62 percent have topped earnings expectations, according to Thomson Reuters data, compared with the 66 percent average over the past four quarters. About 52 percent have beaten revenue forecasts, about even with the 54 percent average over the past four quarters.

"There have been some strong results from prominent companies, but in general the season has been less than exciting," said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.   Continuación...