US STOCKS-Wall Street turns red after Fed statement

miércoles 27 de enero de 2016 15:36 GYT

* Oil jumps after Russia dangles prospect of OPEC cooperation

* Apple, Boeing drop after forecasts miss estimates

* Fed keeps rates steady, closely watching global markets

* Dow down 0.39 pct, S&P down 0.05 pct, Nasdaq down 0.92 pct (Updates with reaction to Fed)

By Noel Randewich

Jan 27 (Reuters) - Wall Street erased gains and fell on Wednesday after the U.S. Federal Reserve failed to satisfy investors hoping for a stronger sign it might scale back future interest rate hikes.

In a widely expected decision, the Fed kept interest rates unchanged and it said it was "closely monitoring" global economic and financial developments, but it maintained an otherwise upbeat view of the U.S. economy.

"Markets across the globe do not think it was prudent for the Fed to raise rates last month," said Adam Sarhan, CEO of Sarhan Capital. "The fact that the Fed is now starting to raise rates clearly shows you they are disconnected from what is actually happening on the ground."

Major stock indexes reversed earlier gains and moved lower.   Continuación...