Wall St. mixed, Apple impresses and Twitter disappoints

Choppy stock trading followed a recent rally to consecutive record highs on the S&P 500 that has stretched price-to-earnings multiples to levels that some investors say presumes that companies will beat second-quarter estimates. Five of the 10 major S&P sectors rose, while a 1.49 percent drop in the telecom services index weighed heavily. The Federal Reserve began a two-day meeting and while it is not expected to raise U.S. interest rates, investors will be watching for hints about when the U.S. central bank might make a move.

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