US Stocks Close Mixed Amid Earnings Reports, Fed Meeting

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iStock/Thinkstock(NEW YORK) — U.S. stocks closed mixed as Wall Street reacted to earnings reports Tuesday.

The Dow closed down 19.31 (-0.10 percent) to finish at 18,473.75.

The Nasdaq gained 12.42 (+0.24 percent) to close at 5,110.05, while the S&P 500 closed at 2,169.18, up 0.70 (+0.03 percent) from its open.

Crude oil lost about 1 percent with prices hitting under $43 a barrel.

Earnings: Under Armour sunk 5 percent at the close on earnings that fell in the second-quarter but met expectations. McDonald’s shares were also down over 4 percent after it reported slowing quarterly sales, despite adding all-day breakfast.

Twitter’s stock tumbled 10 percent in after hours trading when its earnings report in quarter two showed disappointing revenue growth. Apple was also set to report earnings Tuesday.

Federal Reserve: The Fed began its two-day monetary policy meeting Tuesday. Although analysts don’t expect the U.S. central bank to raise rates this month given the rocky global economy since Britain’s vote to leave the European Union, investors will look to the Fed Wednesday for when the next hike could be.

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