US STOCKS-Apple drags Nasdaq lower; S&P, Dow little changed

miércoles 27 de abril de 2016 09:56 GYT
 

* Apple falls after revenue falls first time in 13 years

* Twitter slumps 16 pct after revenue misses expectations

* Fed to release statement at 2 p.m. ET

* Indexes down: Dow 0.13 pct, S&P 0.06 pct, Nasdaq 0.58 pct (Updates more)

By Tanya Agrawal

April 27 (Reuters) - Nasdaq was lower at the open on Wednesday, dragged down by Apple, while the Dow and S&P 500 were little changed ahead of a policy decision by the U.S. Federal Reserve.

Apple's shares were down 7 percent at $97.09 after its first revenue decline in 13 years, while Twitter slumped 16 percent to $14.91 after its revenue missed expectations.

Investors are awaiting a Fed 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.   Continuación...