US Stocks Flat Ahead Of Fed Meeting, Apple Earnings
Fakhir Rizvi Published July 26, 2016 | 09:46 PM
NEW YORK, (APP - UrduPoint / Pakistan Point News - 26th july, 2016) : Wall Street stocks opened little-changed Tuesday ahead of much-anticipated earnings from Apple and the start of a two-day Federal Reserve policy meeting. Tuesday's earnings from Apple, the largest company by market capitalization, follow an April report that saw its first decline in sales in 13 years.
3 percent. Analysts expect the Fed to keep US interest rates low when it makes its policy announcement on Wednesday.
But many say the central bank could signal a greater likelihood of rate hikes later in the year. Five minutes into trade, the Dow Jones Industrial Average was at 18,482.26, down 0.1 percent. The broad-based S&P 500 rose less than 0.1 percent at 2,168.71. while the tech-rich Nasdaq Composite Index advanced less than 0.1 percent to 5,098.57.