US STOCKS-Apple, Boeing lift Wall Street; Fed eyed
* Apple posts largest corporate profit in history
* Yahoo unveils plan to spin off Alibaba stake
* Fed meeting underway, statement due at 1900 GMT
* Indexes up: Dow 0.35, S&P 0.38, Nasdaq 0.8 (Updates to morning trading)
By Rodrigo Campos
NEW YORK, Jan 28 (Reuters) - U.S. stocks rose on Wednesday, boosted by earnings including Apple and Boeing, while focus could shift later in the day to the Federal Reserve's first two-day policy meeting of the year.
The Fed is expected to signal it remains on track to begin raising interest rates later this year, as it shows confidence that low inflation and rising risks from abroad have yet to derail the U.S. economic recovery.
The Nasdaq Composite jumped, powered by a 7.9 percent advance in Apple shares to $117.75. Apple smashed Wall Street expectations with record sales of big-screen iPhones in the holiday shopping season, which helped the company post the largest quarterly profit in corporate history.
Boeing added 4.2 percent to $138 after handily beating top- and bottom-line expectations. Continuación...