U.S. stocks open mixed ahead of Fed' s statement

U.S. stocks open mixed on Wednesday ahead of U.S. Federal Reserve's meeting announcement.

The Fed wraps up its two-day meeting Wednesday with a statement this afternoon. Fed Chair Janet Yellen isn't scheduled to hold a press conference following the meeting.

While the central bank is largely expected to keep increase interest rates unchanged at the meeting, traders will digest the statement for some clues on when it will pull the trigger.

Some analysts said that the Fed will start its first interest rate hike in almost nine years in December if the American economy does not slow significantly.

In corporate news, shares of Apple rose 2.64 percent in the early trading, after the tech giant posted quarterly earnings and revenue that beat investors' expectations on Tuesday after the closing bell.

Apple announced quarterly revenue of 51.5 billion U.S. dollars and quarterly net profit of 11.1 billion dollars, or 1.96 dollars per diluted share. Its financial results mainly boosted by strong iPhone growth in China.

Shortly after the opening bell, the Dow Jones Industrial Average rose 48.34 points, or 0.27 percent, to 17,629.77. The S&P 500 gained 3.30 points, or 0.16 percent, to 2,069.19. The Nasdaq Composite Index edged down 4.21 points, or 0.08 percent, to 5,025.94.

U.S. stocks declined after swinging in a narrow range Tuesday, as investors meditated on a batch of quarterly earnings reports amid downbeat economic data. Endi