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Roundup: U.S. stocks mixed on Apple, Fed meeting

Xinhua, April 29, 2015 Adjust font size:

U.S. stocks traded mixed on Monday, as investors eyed Apple earnings and the beginning of the Federal Open Market Committee's meeting.

The Dow Jones Industrial Average gained 72.17 points, or 0.40 percent, to 18,110.14. The S&P 500 was up 5.84 points, or 0.28 percent, to 2,114.76. The Nasdaq lost 4.82 points, or 0.10 percent, to 5,055.42.

Shares of Apple decreased 1.58 percent in late trading 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 conclusion of the two-day U.S. Federal Reserve 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-over-year in February, compared with a 4.5 percent increase in January.

The New York-based research group Conference Board said Tuesday in a report that U.S. consumer confidence declined in April, with the Conference Board Consumer Confidence Index registering 95.2 in April, down from 101.4 in March.

In other markets, Oil prices stabilized Tuesday as market awaited U.S. crude inventories data to be released Wednesday.

Light, sweet crude for June delivery gained 7 cents to settle at 57.06 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for June delivery moved down 19 cents to close at 64.64 dollars a barrel.

The U.S. dollar decreased against other major currencies on Tuesday as the Federal Reserve started its monetary policy meeting and economic data from the country came out negative.

In late New York trading, the euro climbed to 1.0979 dollars from 1.0890 dollars in the previous session, while the dollar bought 118.87 Japanese yen, lower than 119.08 yen of the previous session.

Gold futures on the COMEX division of the New York Mercantile Exchange rallied for a second session on Tuesday as the weak U.S. dollar boosted the appeal of the dollar-dominated precious metal.

The most active gold contract for June delivery rose 10.7 dollars, or 0.89 percent, to settle at 1,213.90 dollars per ounce. Endite