US STOCKS-Wall St moves lower on mixed earnings reports

martes 19 de julio de 2016 13:29 GYT
 

* Netflix drops 14 pct on weak subscriber numbers

* J&J hits record on strong results

* IMF cuts global growth forecast on Brexit uncertainty

* Indexes down: Dow 0.05 pct, S&P 0.28 pct, Nasdaq 0.39 pct (Updates to early afternoon)

By Yashaswini Swamynathan

July 19 (Reuters) - U.S. stocks ticked lower on Tuesday as mixed earnings reports dented investor optimism entering the earnings season, while lower expectations of global growth also weighed on sentiment.

The S&P and the Nasdaq were pulled down by Netflix and health stocks, while the Dow's fall was cushioned by Johnson & Johnson's strong results.

Strong economic data had sent stocks on a record-setting run through most of last week, and second-quarter earnings reports are expected to justify higher valuations.

While most S&P companies that have reported so far have beaten profit estimates, their outlooks have not been as encouraging.   Continuación...