US STOCKS-Wall St flat, but Internet names support Nasdaq

viernes 11 de julio de 2014 10:37 GYT

* Indexes on track for worst week since April

* Wells Fargo falls, but revenue tops forecasts

* Internet names help support the Nasdaq

* Dow down 0.1 pct, S&P flat, Nasdaq up 0.2 pct (Updates to open)

By Ryan Vlastelica

NEW YORK, July 11 (Reuters) - U.S. stocks were little changed on Friday, with indexes on track for their biggest weekly drop in months, as an early ream of corporate earnings wasn't enough to entice buyers even after a string of market losses.

While the Nasdaq was lifted by strength in Internet names, the S&P 500 is down for a fourth session out of the past five as recent concerns about economic growth, especially in Europe, have pushed investors to take profits. The benchmark index is about 1.2 percent from a record closing high hit last week.

Wells Fargo & Co reported revenue that beat expectations, though for the first time since 2009, the bank did not increase its earnings-per-share from the preceding quarter. The stock fell 1.5 percent to $51.01 as one of the biggest decliners on the S&P 500.

Fastenal Co slumped 4.6 percent to $45.92 after revenue missed expectations.   Continuación...