Most U.S. Stocks Fall Amid Fed Rate Decision, Apple Rally
- Feds leaves interest rates unchanged, says risks diminish
- Apple rallies on sales data, Coca-Cola slumps on miss
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Most U.S. stocks fell, with earnings and the price of crude largely setting the tone for individual shares as investors assessed the Federal Reserve’s latest policy decision for the timing of interest-rate increases.
The S&P 500 Index fell 0.1 percent to 2,166.58 at 4 p.m. in New York. The gauge is 0.4 percent below an all-time high reached on Friday after rallying 8.3 percent in the past month. Energy shares tumbled 1 percent as crude sank 2 percent. The Dow Jones Industrial Average finished little changed, while the technology-heavy Nasdaq 100 Index rose 0.7 percent.