US STOCKS-Wall St flat as weak earnings offset rise in oil

martes 19 de abril de 2016 12:58 GYT
 

* Crude up more than 2 pct as Kuwaiti oil workers strike

* Goldman Sachs up after results

* Netflix sinks after poor forecast

* Dow up 0.02 pct, S&P down 0.03 pct, Nasdaq down 0.77 pct (Updates to early afternoon)

By Abhiram Nandakumar

April 19 (Reuters) - The S&P 500 and the Dow gave up early gains on Tuesday, but were still within shouting distance of their record highs, as investors assessed weak earnings reports by IBM and Netflix.

A rebound in oil and better-than-expected earnings from Goldman Sachs and Johnson & Johnson had pushed the S&P briefly over 2,100, within 30 points of its record high.

The Nasdaq composite was weighed by a 25 percent slide in Illumina. The diagnostic test maker's shares were trading at $133.81 after the company's preliminary results fell short of expectations.

"Companies have been coming in more or less in line with what we thought they would do and it's also adding to our thesis that it's another year of slow growth," said Kim Forrest, research analyst at Fort Pitt Capital Group in Pittsburgh.   Continuación...