US STOCKS-Wall St set to open flat as investors assess earnings

martes 26 de julio de 2016 09:01 GYT

* FOMC begins two-day meeting on Tuesday

* Apple, Twitter set to report results after market close

* McDonald's, 3M and Caterpillar fall on weak results

* Futures: Dow down 12 pts, S&P flat, Nasdaq up 7.25 pts (Adds details, comments, updates prices)

By Yashaswini Swamynathan

July 26 (Reuters) - Wall Street was set to open little changed on Tuesday as investors awaited the Federal Reserve's meeting and braced for earnings reports from companies such as Apple and Twitter.

The Federal Open Market Committee (FOMC) begins a two-day meeting on Tuesday to decide whether the U.S. economy is strong enough to absorb an interest rate hike.

The central bank, which will announce its decision at 2:00 p.m. ET on Wednesday, is not expected to pull the trigger on interest rates in the near term as inflation remains below its 2 percent target and global growth continues to sputter.

Traders have priced in an 18.7 percent chance of a rate increase in September and a 42.8 percent chance in December, according to CME Group's FedWatch tool.   Continuación...