US STOCKS-Wall St ticks up on earnings; technicals, conflicts eyed

miércoles 23 de julio de 2014 11:02 GYT
 

* Microsoft sees end to Nokia losses, shares rise

* Apple shares up after earnings; leads S&P 500

* Indexes: Dow flat, S&P up 0.3 pct, Nasdaq up 0.5 pct (Updates prices, adds details, comment)

By Rodrigo Campos

NEW YORK, July 23 (Reuters) - The S&P 500 hit a record high on Wednesday, lifted by bullish earnings from companies like Apple and Microsoft, though technical resistance and conflicts in Ukraine and the Gaza Strip kept gains in check.

The S&P touched a record above 1,989 but the 1,985-1,990 area was developing into technical resistance, analysts said.

News of two Ukrainian fighter jets being downed Wednesday, near the area where a passenger jet was shot down last week, added to caution on markets.

"What we have today is a testing of the (resistance level) on the S&P," said Art Hogan, chief market strategist at Wunderlich Securities in New York.

"With the addition of the fighter jets being downed in Ukraine, people are looking at the market and can't seem to find a way to break through."   Continuación...