Off the wire
• Feature: Gaza farmers toil for living under Israeli threat  • 2nd LD-Writethru-China Focus: Hearing reviews 20-year-old rape and murder case  • MEPs vote for eCall devices in new cars  • AU concerned by attacks on Darfur peacekeepers  • Feature: Victims in Nepalese quake-hit out-of-valley districts eagerly awaiting relief  • UN Security Council extends mission mandate in Western Sahara  • U.S., Japan reaffirm commitment to finalize TPP negotiations, but no breakthrough expected this week  • Africa Economy: IMF forecasts 2015 Sub-Saharan African economy to grow at 4.5 pct  • French stock market index down 1.81 pct on Tuesday  • UN chief urges parties in Burundi to reject violence ahead of elections  
You are here: 　 Home

U.S. stocks trade higher on Apple earnings, Fed meeting

Xinhua, April 29, 2015 Adjust font size:

U.S. stocks traded mostly higher around midday on Tuesday, as investors eyed Apple earnings and the Federal Reserve's policy meeting.

At noon, the Dow Jones Industrial Average was up 49.75 points, or 0.28 percent, to 18,087.72. The S&P 500 rose 3.30 points, or 0. 16 percent, to 2,112.22. The Nasdaq Composite Index gained 6.89 points, or 0.14 percent, to 5, 067.14.

Shares of Apple increased 0.34 percent around midday after the company announced financial results for its fiscal 2015 second quarter ended March 28, 2015.

The tech giant posted quarterly revenue of 58 billion U.S. dollars and quarterly net profit of 2.33 dollars per diluted share, beating analysts'expectations.

Traders will be closely watching the two-day Federal Open Market Committee meeting, starting Tuesday, for clues on the timing of an interest rate hike.

Some analysts expected that the Fed will not raise interest rates until September at the earliest, because of a wave of disappointing domestic data.

On economic front, the S&P/Case-Shiller's 20 City Composite gained 5 percent year on year in February, compared with a 4.5 percent increase in January.

The Conference Board consumer confidence survey results for April was 95.2, below expectations. Endite