Stocks edge mostly higher as traders watch the Fed

NEW YORK (AP) — Stocks are edging mostly higher on Wall Street after several companies turned in solid earnings.

The Standard & Poor’s 500 index rose less than a point to close at 1,685 Tuesday.

The Dow Jones industrial average slipped a point to close at 15,520.

Technology stocks did better than the rest of the market. The Nasdaq composite rose 17 points, half a percent, to 3,616.

Goodyear Tire & Rubber jumped 9 percent to $18.56 after its earnings more than doubled. Pitney Bowes and Eastman Chemical also rose after reporting higher earnings.

Investors were keeping a close eye on the Federal Reserve, which began a two-day policy meeting Tuesday.

Slightly more stocks rose than fell on the New York Stock Exchange. Trading volume was below average at 3.3 billion shares.

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