For Jan. 27, 2016, here's the top stock market news and stocks to watch...
Futures for the Dow Jones Industrial Average today (Wednesday) forecast an 81-point decline ahead of today's monetary policy statement by the Fed Open Market Committee. The Dow's decline comes as oil prices slipped again and shares of Apple Inc. (Nasdaq: AAPL) fell nearly 3% after the tech giant announced yesterday its iPhone sales grew at the slowest pace since its product introduction in 2007. The firm also provided forward guidance that failed to meet analyst expectations.
Yesterday, the Dow Jones Industrial Average gained 282 points as oil prices surged on renewed optimism that OPEC and non-OPEC producers will collaborate to curb production and reduce the global supply glut. The Dow Jones received a strong boost from blue-chip stocks including 3M Co. (NYSE: MMM), Johnson & Johnson (NYSE: JNJ), and Procter & Gamble Co. (NYSE: PG).
[mmpazkzone name="in-story" network="9794" site="307044" id="137008" type="4"]
Follow Money Morning on Facebook and Twitter.