US STOCKS-U.S. stocks fall after Fed statement, oil drop

miércoles 28 de enero de 2015 16:26 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 0.11 pct, S&P down 0.37 pct, Nasdaq flat (Updates market, adds comment)

By Sinead Carew

NEW YORK, Jan 28 (Reuters) - U.S. stocks fell on Wednesday, driven by extended losses in the S&P 500 energy sector, after the Federal Reserve said 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.

While many market participants said they were unsurprised by the statement, Stephen Massocca, Chief Investment Officer of Wedbush Equity Management LLC in San Francisco said the Fed's language looked slightly stronger in support of a rate hike.

"It was more hawkish than people thought. But you are counting grains of sand coming through the hourglass so I don't think you will see it resonate much longer than what we've seen in the last hour or so," Massocca said.   Continuación...