US STOCKS-Weak earnings, drop in oil weigh on Wall Street

jueves 21 de abril de 2016 13:03 GYT

* Travelers biggest drag on Dow after results

* Jobless claims unexpectedly fall last week

* Indexes down: Dow 0.30 pct, S&P 0.23 pct, Nasdaq 0.02 pct (Updates to early afternoon)

By Abhiram Nandakumar

April 21 (Reuters) - A slew of mixed earnings reports by bellwethers and a drop in oil prices piled pressure on stocks with the three major indexes trading slightly lower on Thursday.

Crude fell about 1 percent, but hovered near five-month highs after the International Energy Agency said 2016 would see the biggest fall in non-OPEC production in 25 years.

A recent rebound in oil, better-than-expected corporate results and a cautious Federal Reserve have pushed the S&P 500 to striking distance of its life-high of 2,134.72.

"The market has a singular focus to retake the old highs set back in May last year," said Sam Stovall, U.S. equity strategist at S&P Global Market Intelligence in New York.

"Right now, it's probably just taking a little breather because it has come so far so fast, but I still see the market moving up and attempting to get back to breakeven."   Continuación...