US STOCKS-Wall St set for muted open as investors assess earnings

jueves 21 de abril de 2016 08:55 GYT

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By Abhiram Nandakumar

April 21 (Reuters) - U.S. stock indexes were set to open little changed on Thursday as oil prices steadied and investors assessed a raft of earnings reports that could provide fresh catalysts to drive the market.

Crude prices hovered near five-month highs after the International Energy Agency said 2016 would see the biggest fall in non-OPEC production in more than two decades.

Better-than-expected results and a recent rebound in oil pushed the S&P 500 closer towards its record high of 2,134.72.

S&P 500 companies are seen reporting a 7.5 percent fall in first-quarter profit on average, and a 1.3 percent decline in revenue, according to Thomson Reuters I/B/E/S.

However, market analysts say investors seem to be looking past the lowered expectations for earnings and revenue growth, and booking short-term profits.   Continuación...