US STOCKS-Apple drags Wall St lower ahead of Fed decision

miércoles 27 de abril de 2016 11:20 GYT

* Apple falls after revenue slips 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 0.33 pct, S&P 0.37 pct, Nasdaq 1.18 pct (Adds details, changes comment, updates prices)

By Tanya Agrawal

April 27 (Reuters) - Wall Street was dragged lower on Wednesday, ahead of a policy decision by the U.S. Federal Reserve, after Apple's first revenue decline in over a decade aroused worries about the health of corporate earnings.

Apple's shares were down 7 percent at $96.93 and were set for their biggest one-day fall in more than two years. The stock last closed below $100 in February.

Investors are also 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.

"Globally, things have gotten much better since the last meeting and I think the market is being too complacent regarding a dovish tone from the Fed," said Art Hogan, chief market strategist at Wunderlich Securities in New York.   Continuación...