US shares get off to mixed start as earnings fail to ignite


(MENAFN- ProactiveInvestors)Wall Street shares were mixed at the open after US earnings season start failed to light the touch paper on sentiment. At the time of writing the benchmark Dow was up 13 at 17569 after futures trading had it down ten. The broader S&P500 was down a fraction -  0.28 - to stand at 2041 while the tech heavy Nasdaq index was down 18 points to stand at 4814. In other markets the S&PMidcap400 eased 0.03% to 1424 while the S&PMidcap600 shed 0.10% to stand at 670.64. In London the FTSE100 is down 6.3 points at 6193 alongside other European indices. US crude is  up 0.67% to stand at US$40.64 a barrel. Earnings season got underway without much fanfare last night as aluminium giant reported a 15%  drop in revenue. Alcoa (NYSE:AA) also had a drastic slump in first-quarter profit as depressed commodity prices took their toll on the firm. The aluminium group saw first quarter earnings drop 92% to US$16mln or break even per share down from US$195mln or 14 cents a share a year earlier.


ProactiveInvestors - N.America

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