Stocks edge mostly higher as traders watch the Fed

S&P 500 ekes out a tiny gain as traders watch the Federal Reserve; Goodyear soars on earnings

Associated Press
Waiting for Bernanke, stocks plod indecisively

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This July 29, 2013 photo, Trader Michael Conlon rushes across the floor of the New York Stock Exchange. U.S. stock futures rose modestly Tuesday, July 30, 2013, with most investors taking a wait-and-see approach ahead of a two-day Fed policy meeting. (AP Photo/Richard Drew)

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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