US STOCKS-Apple powers Wall Street; all eyes on Fed

miércoles 27 de julio de 2016 09:52 GYT
 

* FOMC statement expected at 2:00 p.m. ET

* Apple boosts all three indexes

* Boeing shares rise on revenue beat

* Indexes up: Dow 0.32 pct, S&P 0.16 pct, Nasdaq 0.63 pct (Updates to open)

By Yashaswini Swamynathan

July 27 (Reuters) - Wall Street was trading higher on Wednesday morning, bolstered by strong results from Apple, and ahead of the Federal Reserve's decision on interest rate hikes.

Apple shares soared 7.4 percent to $104.47 after the company sold more iPhones than expected in the third-quarter and gave an upbeat current-quarter forecast.

The stock boosted all three major indexes and helped the S&P 500's information technology index rise 1.1 percent, outpacing the other 10 major sectors.

The Fed is expected to keep rates unchanged as it wraps up its two-day policy meeting with a statement later in the day.   Continuación...