US STOCKS-Wall St gives up gains as Coke, weak oil drag

miércoles 27 de julio de 2016 11:34 GYT
 

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

* Coca-Cola drags S&P, Dow

* Oil drops 2 pct

* Indexes: Dow up 0.06 pct, S&P down 0.14 pct, Nasdaq up 0.44 pct (Adds details, comments, updates prices)

By Yashaswini Swamynathan

July 27 (Reuters) - Wall Street gave up early gains after disappointing earnings from Coca-Cola and weak oil prices offset a boost from Apple.

Coke's revenue miss and forecast cut sent its stock down 3.4 percent, making it the biggest drag on the S&P and the Dow.

However, Apple shares rose 6.7 percent to $103.09 after the company sold more iPhones than expected in the third-quarter and gave an upbeat current-quarter forecast.

Investors are also awaiting the U.S. Federal Reserve's decision on interest rate hikes later in the day.   Continuación...