BUZZ-U.S. STOCKS ON THE MOVE-Apple, Boeing, Pluristem, Ascendis
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U.S. stocks rose on Wednesday, boosted by earnings including Apple and Boeing, while 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 0.02 percent at 17,391, the S&P 500 was down 0.17 percent at 2,026.18 and the Nasdaq Composite was up 0.09 percent at 4,685.859.
** APPLE INC, $116.25, +6.51 pct
** AVAGO TECHNOLOGIES INC, $106.15, +1.30 pct
** NXP SEMICONDUCTORS NV, $81.38, +4.30 pct
** SKYWORKS SOLUTIONS INC, $82.72, +1.47 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.
The company's blockbuster results and a ballooning cash pile may prompt it to boost share buybacks and dividends this year, with some analysts expecting the iPhone maker to return more than $200 billion to investors. Continued...