US STOCKS-Weak earnings weigh on Wall Street; Fed awaited

martes 26 de julio de 2016 11:53 GYT
 

* FOMC begins two-day meeting on Tuesday

* Apple set to report results after market close

* McDonald's, Verizon fall on weak results

* Indexes down: Dow 0.42 pct, S&P 0.24 pct, Nasdaq 0.1 pct (Adds details, comments, updates prices)

By Yashaswini Swamynathan

July 26 (Reuters) - U.S. stocks fell on Tuesday after weak results from a number of companies, including McDonald's and Gilead, dented investor sentiment.

Investors are awaiting Apple's earnings later in the day and the outcome of the Federal Reserve's two-day meeting on interest rates that ends on Wednesday.

The central bank 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...