US STOCKS-Wall St edges higher ahead of Apple results, S&P hits record
* Apple shares up ahead of results
* Applied Materials falls after merger called off
* Celladon nosedives on lead drug's trial failure
* Indexes up: Dow 0.3 pct, S&P 0.2 pct, Nasdaq 0.2 pct (Adds details, adds comment, updates prices)
By Tanya Agrawal
April 27 (Reuters) - U.S. stocks rose on Monday morning with the S&P touching a new intraday high and the Nasdaq inching closer to its record intraday high ahead of Apple's results after the close.
Investors this week will also be closely watching the results of the two-day U.S. Federal Reserve meeting, starting Tuesday, for clues on when interest rates could be hiked.
Data on Monday showed that the U.S. services sector's expansion eased slightly in April from a seven-month high in March on a dip in new business growth.
A slew of recent sub-par indicators have prompted analysts to downgrade their view of the U.S. economic outlook and to push back expectations of when the Fed will increase rates for the first time since June 2006. Most economists now don't see a rate hike until at least the end of the year. Continuación...