BUZZ-U.S. STOCKS ON THE MOVE-Apple, Boeing, Freescale, Abiomed
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U.S. stocks rose at the open on Wednesday, boosted by earnings from Apple and Boeing, but focus could shift later in the day to the Federal Reserve's first two-day policy meeting of the year. The Dow Jones industrial average was up 0.44 percent at 17,463.82, the S&P 500 was up 0.51 percent at 2,039.91 and the Nasdaq Composite was up 0.95 percent at 4,726.187.
** APPLE INC, $117.21, +7.39 pct
** AVAGO TECHNOLOGIES INC, $107.8, +2.87 pct
** NXP SEMICONDUCTORS NV, $81.48, +4.43 pct
** SKYWORKS SOLUTIONS INC, $83.48, +2.40 pct
Apple's quarterly results smashed Wall Street expectations with record sales of big-screen iPhones in the holiday shopping season and a 70 percent rise in China sales, powering the company to the largest profit in corporate history.
Shares of Apple suppliers Avago, NXP and Skyworks also rose. Continued...