US STOCKS-Wall St set to rise on Apple results; Fed awaited
* Fed statement scheduled for 2 p.m. ET
* Apple rises in premarket trade
* Twitter slumps after results
* Futures up: Dow 15 pts, S&P 2.5 pts, Nasdaq 7.5 pts (Adds details, comment, updates prices)
By Abhiram Nandakumar
Oct 28 (Reuters) - Wall Street was set to open higher on Wednesday as investors await the Federal Reserve's latest policy statement, while Apple's strong results allayed some concerns about its business in China.
Apple sold 48 million iPhones in the quarter and reported a near doubling of revenue from China. The stock was up 1.5 percent at $116.35 in premarket trading.
The Fed's statement is due at 2:00 p.m. ET (1800 GMT) after its two-day policy meeting ends. While the central bank is not expected to raise rates at the meeting, traders will parse the statement for clues on when it will pull the trigger.
"I don't think the Fed is going to do anything. The issues they talked about in September are still there," said Drew Horter, founder of Horter Investment Management. "I don't think they're going to raise until 2016 because there are too many questions right now." Continuación...