US STOCKS-Wall St flat; first-quarter results mixed so far

jueves 16 de abril de 2015 13:23 GYT
 

(Updates to afternoon trading, adds quote, Etsy IPO)

* Netflix rallies after results, SanDisk lower

* Etsy shares almost double in IPO

* Dow down 0.02 pct, S&P 500 down 0.04 pct Nasdaq down 0.1 pct

By Caroline Valetkevitch

April 16 (Reuters) - U.S. stocks were little changed on Thursday as mixed first-quarter results from companies gave investors few clues on the outlook for U.S. earnings.

While shares of Netflix surged following blockbuster results, limiting losses on the S&P 500 and Nasdaq, shares of SanDisk slumped following a weak revenue outlook that added to concerns about the pace of top-line improvement.

First-quarter earnings for S&P 500 companies are expected to have declined 2.6 percent from a year ago, according to Thomson Reuters data, hurt by low oil prices, a strong dollar and extreme weather in the eastern United States. Revenue is forecast down 2.8 percent from a year ago.

Major indexes are about 1 percent below record highs despite concerns about weakness in first-quarter earnings. That may suggest a profit decline has already been priced into shares, said Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama.   Continuación...