Stocks Closed Mostly Higher as Fed Met

U.S.stocks closed mixed on Tuesday as the Federal Reserve began a two-day policy meeting to discuss the economy and interest rates. The Dow Jones Industrial Average gained 72.17 points, or 0.40%, to 18,110.14. The S&P 500 was up 5.84 points, or 0.28%, to 2,114.76. The Nasdaq Composite dropped 4.82 points, or 0.10%, to 5,055.42.

U.S. earnings are on track to post a slight gain for the first quarter following stronger-than-expected results from companies like Apple (AAPL.O). With results in from 47 percent of S&P 500 companies as of Tuesday, first- quarter earnings are expected to have risen 0.02 percent from a year ago, according to Thomson Reuters dat

Twitter reported earnings of seven cents per share on revenue of $435.9 million. Analysts surveyed by Thomson Reuters were expecting a gain of 4 cents a share on $456.2 million in revenue. For the second quarter, Twitter said it expects second-quarter revenue to between $470 and $485 million, well below the $538 million analysts surveyed by Thomson Reuters were expecting.