US STOCKS-Wall St little changed as investors assess earnings

martes 26 de julio de 2016 10:02 GYT
 

* FOMC begins two-day meeting on Tuesday

* Apple, Twitter set to report results after market close

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

* Indexes up: Dow 0.03 pct, S&P 0.1 pct, Nasdaq 0.17 pct (Updates to open)

By Yashaswini Swamynathan

July 26 (Reuters) - Wall Street was little changed on Tuesday morning as investors assessed a host of corporate earnings reports and braced for the Federal Reserve's policy meeting.

The Federal Open Market Committee (FOMC) begins a two-day meeting later in the day 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...