US STOCKS-Futures dragged down by tech earnings; Fed eyed
* Futures down: Dow 33 pts, S&P 5 pts, Nasdaq 48.5 pts
By Tanya Agrawal
April 27 (Reuters) - U.S. stock index futures were lower on Wednesday after Apple's first revenue decline in 13 years stirred investor concerns ahead of a policy decision by the Federal Reserve.
* Tech-heavy Nasdaq futures fell more than 1 percent, dragged down by disappointing results by tech giants.
* Apple shares were down 7.5 percent at $96.52 in premarket trading, while Twitter slumped 14.1 percent to $15.25 after its revenue missed expectations.
* Facebook and PayPal are scheduled to report results after the close of market.
* Investors are awaiting a Federal Reserve decision on rates at 2 p.m. ET (1800 GMT). No change in rates is expected but the Fed may signal its intention to tighten policy this year.
* Economists polled by Reuters expect two increases this year but futures prices show traders do not expect rates to rise until late 2016, according to CME Group's FedWatch.
* Oil hit its highest level this year on Wednesday, driven by a falling dollar and evidence of declining U.S. supply, putting the price on course for its strongest monthly performance since last April. Continuación...