US STOCKS-Wall St flat as strong earnings counter fall in oil

miércoles 20 de abril de 2016 09:54 GYT
 

* Crude down about 1 percent

* Coca-Cola sinks as quarterly sales drops

* VMWare, Discover Financial jump after earnings beat

* Indexes: Dow flat, S&P down 0.06 pct, Nasdaq down 0.18 pct (Updates to open)

By Abhiram Nandakumar

April 20 (Reuters) - U.S. stock indexes were little changed on Wednesday as encouraging earnings reports offset oil prices sliding on renewed concerns about global oversupply.

Crude fell about 2 percent after Kuwaiti oil workers called off a strike that drove up prices and helped the S&P 500 breach 2,100 on Tuesday, about 30 points shy of its record high.

A recent rebound in oil and the U.S. Federal Reserve's accommodative monetary policy helped the index recover from a steep selloff earlier this year.

Investors are focused on the earnings season as they seek catalysts to drive stocks higher. Big-bank earnings reports last week were better than expected and helped lift sentiment.   Continuación...