US STOCKS-Wall St little changed as investors await Fed statement

miércoles 29 de julio de 2015 10:01 GYT

* Fed statement expected at 2 p.m. ET

* Twitter slumps after monthly average users growth slows

* Yelp falls sharply after revenue misses expectations

* Indexes: Dow 0.1 pct, S&P up 0.09 pct, Nasdaq down 0.08 pct (Updates to open)

By Tanya Agrawal

July 29 (Reuters) - The Dow Jones industrial average and the S&P 500 were slightly higher on Wednesday while the Nasdaq composite edged lower, as investors assessed earning ahead of a statement from the U.S. Federal Reserve that could give clues regarding the timing of a rate hike.

Investors are focused on the outcome of the Fed's two-day policy meeting with markets divided on whether it will take a hawkish or dovish stance. No move on rates is expected this week.

In a recent congressional testimony, Fed Chair Janet Yellen neither ruled out a September interest rate hike nor guided the market toward thinking it was a done deal. The statement is expected at 2 p.m. ET (1800 GMT).

U.S. interest rates have remained near zero for almost a decade and the Fed has said it will raise rates once it sees a sustained recovery in the economy.   Continuación...