U.S. Stocks Open Higher Boosted By Apple As Fed Looms

By Ellie IsmailidouMarketsMarketWatch Pulse

U.S. stocks opened higher on Wednesday, supported by Apple Inc.'s stronger-than-expected earnings ahead of a Federal Reserve statement due in the afternoon. Investors largely shrugged off a report on durable-goods orders, which logged their biggest drop in almost two years. The Dow Jones Industrial Average added 57 points, or 0.3%, to 18,530, the S&P 500 index gained 5 points, or 0.2% at 2,174, while the Nasdaq Composite Index rose 32 points, or 0.6%, to 5,142. Among individual companies, Apple shares gained 7.4%, while Coca-Cola Co. slid 2.2%, after it posted weaker-than-expected quarterly sales. Twitter Inc. plunged 11.2% after the social media company's disappointing earnings report late Tuesday.

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