US STOCKS-Wall St lower as earnings roll in; Fed meet eyed

lunes 25 de julio de 2016 09:58 GYT

* FOMC begins two-day meeting on Tuesday

* Yahoo drops after agreeing to sell core assets to Verizon

* Micron surges on Credit Suisse note

* Indexes down: Dow 0.28 pct, S&P 0.26 pct, Nasdaq 0.17 pct (Updates to open)

By Yashaswini Swamynathan

July 25 (Reuters) - Wall Street opened slightly lower on Monday as investors braced for another set of corporate earnings and awaited the Federal Reserve's monetary policy meeting.

The Federal Open Market Committee (FOMC), which has had to defer raising interest rates, will begin its two-day meeting on Tuesday to decide whether the U.S. economy could absorb a rate increase in the near term.

The FOMC is scheduled to announce its decision on Wednesday at 2:00 p.m. ET (1800 GMT).

Even with recent data pointing to the U.S. economy being on strong footing, the Fed is still cautious about pulling the trigger due to global uncertainty sparked by Britain's vote to leave the European Union.   Continuación...