US STOCKS-U.S. stocks give up gains after Fed statement

miércoles 28 de enero de 2015 15:36 GYT

* Fed says to keep "patient" approach on rates

* Energy shares track U.S. crude futures lower

* Apple posts largest corporate profit in history

* Indexes: Dow down 0.1 pct, S&P down 0.38 pct, Nasdaq flat (Updates market moves after Fed statement)

By Sinead Carew

NEW YORK, Jan 28 (Reuters) - U.S. stocks fell slightly in volatile trading on Wednesday after the Federal Reserve said the U.S. economy is on track and it will remain "patient" in deciding when to raise interest rates.

Concluding their first policy-setting meeting of the year, Fed officials looked past the urgent moves made by other central banks this month to boost their struggling economies and saw continued economic expansion in the United States.

"Being 'patient' means the Fed is in no hurry with respect to inflation or any other factor in the economy that it is watching. This isn't surprising at all. The Fed was always more patient than other observers," said Bruce McCain, chief investment strategist at Key Private Bank in Cleveland.

"I don't think markets will move too much on this. The bigger issue is where the economy goes from here, and investors have been sobering up on that, as it becomes clear that we're growing, but below historical levels," he said.   Continuación...