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Edka
2021-04-28

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S&P 500 is flat amid mixed earnings results, looming Fed decision

U.S. stocks were flat on Wednesday as investors digested major technology earnings and geared up for

S&P 500 is flat amid mixed earnings results, looming Fed decision

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The Dow Jones Industrial Average shed 140 points, dragged down by a 7% drop inAmgen's stock. The Nasdaq Composite traded higher by 0.1%.</p><p>Boeing lost about 2%after posing its sixth straight quarterly loss, also weighing on the Dow.</p><p>Google parentAlphabetreportedbetter-than-expected earningsafter the bell on Tuesday, sending shares of the tech giant up more than 4%. Alphabet saw its revenues grow 34% from a year ago.</p><p>Meanwhile,Microsoftshares dipped about 2.5% even after the company topped analyst earnings. Microsoft had its largest revenue growth since 2018, thanks in part to&nbsp;gains in PC sales&nbsp;resulting from coronavirus-driven shortages last year.</p><p>Shares ofAMDandVisawere higher after posting better-than-expected results.</p><p>The Fed wraps up its two-day policy meeting on Wednesday. The central bank is not expected to take any action, buteconomists expect it to defend its policy to let inflation run hot on a temporary basis. 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S&P 500 is flat amid mixed earnings results, looming Fed decision

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