US STOCKS-Wall St set for flat open as investors parse earnings

jueves 14 de abril de 2016 08:56 GYT
 

* Bank of America, Wells Fargo fall after results

* Seagate sinks after disappointing estimates

* Futures up: Dow 27 pts, S&P 2.5 pts, Nasdaq 3.5 pts (Adds details, comment, updates prices)

By Abhiram Nandakumar

April 14 (Reuters) - U.S. stocks were little changed on Thursday as investors assessed quarterly earnings from big banks, while economic data pointed to strength in the labor market.

Bank of America and Wells Fargo shares were down 1 percent each in premarket trading after the banks posted lower quarterly earnings.

The results come a day after JPMorgan beat lowered expectations for first-quarter profit and revenue.

"We're looking at a flattish kind of market that is looking to grasp a positive theme and the banks haven't delivered this morning," said Andre Bakhos, managing director at Janlyn Capital in Bernardsville, New Jersey.

The S&P financial sector is down nearly 4 percent for the year - the worst performer among the 10 major S&P sectors - weighed down by the uncertainty surrounding U.S. interest rates and potential defaults in the energy sector.   Continuación...