Dow Down 3 Ahead of Fed News

Apple reports strong quarterly earnings
By Nick McMaster,  Newser Staff
Posted Jan 26, 2010 3:18 PM CST
Specialist Christopher Culhane, left, and trader Andrew Silverman work on the floor of the New York Stock Exchange Tuesday, Jan. 26, 2010.   (AP Photo/Richard Drew)

(Newser) – Strong earnings from Apple and a high consumer-confidence reading weren't enough to sustain gains through the close today, as investors awaited news from a two-day Fed meeting on interest rates that started today, the Wall Street Journal reports.

  • The Dow lost 3 points to close at 10,194.
  • The Nasdaq fell 7 points, settling at 2,204.
  • The S&P 500 dropped 5 points, closing at 1,092.

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