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1st LD Writethru: U.S. stocks mixed on earnings, Fed meeting

Xinhua, April 29, 2015 Adjust font size:

U.S. stocks traded mixed on Tuesday, as investors eyed corporate 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 the U.S. 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. Endite