US STOCKS-Wall St higher ahead of Fed meeting

miércoles 29 de julio de 2015 11:31 GYT

* Fed statement expected at 2 p.m. ET

* Twitter slumps after monthly average users growth slows

* General dynamics leads aerospace stocks higher

* Pending home sales fall in June

* Indexes up: Dow 0.49 pct, S&P 0.43 pct, Nasdaq 0.13 pct (Adds details, changes comment, updates prices)

By Tanya Agrawal

July 29 (Reuters) - Wall Street was higher on Wednesday 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).   Continuación...