US STOCKS-U.S. stocks rise amid earnings; Fed meeting in focus

miércoles 29 de julio de 2015 13:00 GYT

* Fed statement expected at 2 p.m. ET

* Twitter slumps after monthly average users growth slows

* General dynamics leads aerospace stocks higher

* Indexes up: Dow 0.59 pct, S&P 0.49 pct, Nasdaq 0.18 pct (Updates to early afternoon)

By Tanya Agrawal

July 29 (Reuters) - U.S. stocks rose 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).

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...