US STOCKS-Wall St set for flat open on mixed earnings reports
* McDonald's up on profit beat
* Caterpillar dips after results
* Futures: Dow up 1 pt, S&P up 0.75 pts, Nasdaq down 7.5 pts (Adds details, comment, updates prices)
By Abhiram Nandakumar
April 22 (Reuters) - U.S. stock indexes were set to open flat on Friday as investors assessed mixed quarterly reports from bellwether companies such as Caterpillar and McDonald's.
With recent economic data indicating a sluggish pace of economic growth globally and crude prices hovering near five-month highs, earnings have become a swing factor for stocks.
The S&P 500 has staged a sharp recovery from a steep selloff earlier this year and is inching towards its all-time high, helped by a recent rebound in oil, a cautious Federal Reserve and companies beating tempered expectations.
The index is up half a percent for the week, having posted gains on the first three days.
"We're back to the every other day theory, bouncing around a little, but I don't see too strong a sentiment either way," said Scott Brown, chief economist at Raymond James in St. Petersburg, Florida. Continuación...