US STOCKS-Wall St to open flat on mixed bag of earnings

miércoles 22 de abril de 2015 09:05 GYT

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By Tanya Agrawal

April 22 (Reuters) - U.S. stocks were set to open little changed on Wednesday as investors keep an eye on a mixed bag of earnings and ahead of housing sector data.

First-quarter earnings of S&P 500 companies are expected to dip 2.2 percent, while revenues are seen declining 3.1 percent, according to Thomson Reuters data which includes companies that already reported.

"Equity investors have been selling this year while credit investors have been investing aggressively," said Brian Reynolds, chief market strategist at Rosenblatt Securities in New York.

"That tells me that in the second half of the earnings season we're going to see more buybacks and more mergers in response to the sell-off as CEOs are under pressure to jack up their stock prices."   Continuación...