US STOCKS-Wall St opens lower as earnings continue to underwhelm

lunes 25 de abril de 2016 10:01 GYT

* Fed meet on April 26-27

* Xerox slumps after fall in revenue

* Tribune Publishing soars after Gannett buyout offer

* Indexes down: S&P 0.32 pct, Nasdaq 0.12 pct, Dow 0.41 pct (Updates to open)

By Tanya Agrawal

April 25 (Reuters) - U.S. stocks opened lower on Monday as corporate earnings continued to underwhelm and investors stayed away from risky assets a day before the start of the Federal Reserve's two-day policy meeting.

The central bank's policymakers are expected to hold interest rates steady when they meet on Tuesday and Wednesday, but may tweak their description of the economic outlook to reflect more benign conditions that leave the path open for future rate rises.

Traders are also keeping an eye on the outcome of a Bank of Japan meeting on Thursday, with expectations that Japan could push deeper into negative interest rate territory.

"We are looking at a mixed to lower session today as investors assess events that could cause some gyrations," said Peter Cardillo, chief market economist at First Standard Financial in New York.   Continuación...