US STOCKS-Wall St higher as earnings season begins

lunes 11 de abril de 2016 09:54 GYT

* Yahoo up as Daily Mail parent mulls bid

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* Indexes up: Dow 0.51 pct, S&P 0.44 pct, Nasdaq 0.37 pct (Updates to open)

By Abhiram Nandakumar

April 11 (Reuters) - Wall Street was higher on Monday as investors braced for corporate earnings season, with Alcoa set to post first-quarter results after the market closes.

Expectations for profit growth are low as companies struggle with a weak global economy, falling commodity prices and a stronger dollar.

Earnings at S&P 500 companies are expected to have declined 7.6 percent on average in the first quarter, according to Thomson Reuters I/B/E/S.

Big bank earnings are also on the cards through the week, starting with JPMorgan Chase & Co on Wednesday.

"We're in a bit of a holding pattern until earnings, which kick off with Alcoa tonight, but more importantly the banks will start to report by mid-week," said Aaron Clark, a portfolio manager at GW&K Investment Management in Boston.   Continuación...