US STOCKS-Futures flat as earnings trickle in, oil falls

miércoles 20 de abril de 2016 07:26 GYT
 

* Futures: Dow down 3 pts, S&P up 0.75 pts, Nasdaq up 3 pts

By Abhiram Nandakumar

April 20 (Reuters) - U.S. stock index futures were little changed on Wednesday as investors assessed earnings reports and crude snapped a short-lived rally after Kuwaiti oil workers called off their strike.

* Crude resumed their slide on renewed worries about global oversupply and hit markets worldwide, sending investors scurrying for safety in the yen.

* Oil prices, which have been a major driver of stocks this year, have recovered from multi-year lows, but still remain low enough to worry investors, along with the global economic slowdown and uncertainty around monetary policies.

* The S&P 500 breached 2,100 on Tuesday, about 30 points shy of its record high, after staging a recovery from a steep selloff earlier this year.

* Investors now turn their focus on earnings season for signs of impact from the weak global economy and lower crude.

* First-quarter earnings at S&P 500 companies are expected to have fallen 7.6 percent on average and revenues are seen dipping 1.3 percent, according to Thomson Reuters I/B/E/S.

* Shares of Intel were down 2.4 percent at $30.84 in premarket trading after the chipmaker lowered its revenue forecast for the year.   Continuación...