CORRECTED-US STOCKS-Wall Street cedes ground after mixed bag of earnings

jueves 21 de abril de 2016 16:28 GYT
 

(Corrects name of company in bullet point to Alphabet, not Google)

* Travelers biggest drag on Dow after results

* Verizon drops as striking workers hit profits

* Alphabet down after the bell following quarterly report

* Indexes down: Dow 0.63 pct, S&P 0.52 pct, Nasdaq 0.05 pct

By Noel Randewich

April 21 (Reuters) - Wall Street suffered its first loss in four sessions on Thursday after a mixed bag of quarterly reports and a warning by Verizon Communications that a strike by workers would likely impact its bottom line.

The benchmark S&P 500 index in recent days had rallied to within 1 percent of its May record high, buoyed by a softer dollar and recovering crude prices. But investors had little patience for quarterly scorecards failing to meet already toned-down expectations.

"Earnings have been decent, outperforming, but outperforming expectations that have been dramatically lowered," said Charlie Johnson, a sales trader at Greentree Brokerage Services in Philadelphia. "So it's like a shell game."   Continuación...