US STOCKS-Dow, S&P rise after five-day selloff; Fed meeting eyed

martes 28 de julio de 2015 09:58 GYT
 

* Two-day Fed meeting begins on Tuesday

* China says regulators will continue buying shares

* Baidu slumps after results miss expectations

* Dow up 0.21 pct, S&P up 0.25 pct, Nasdaq down 0.13 pct (Updates to open)

By Tanya Agrawal

July 28 (Reuters) - The S&P 500 and the Dow Jones industrial average rose on Tuesday, breaking a five-day losing streak, as investors refocused on corporate earnings ahead of a two-day U.S. Federal Reserve meeting which could give clues regarding the timing of a rate hike.

The Nasdaq composite opened higher but turned negative shortly, dragged down by Baidu's 14.6 percent slump after China's biggest Internet search company's quarterly profit missed estimates.

Wall Street sank on Monday after the steepest decline in Chinese stocks in eight years increased concerns about slowing growth in the country.

After Chinese stocks plunged more than 8 percent, the country's top securities regulator said Beijing would keep buying shares to stabilize the market.   Continuación...