ECONOMY

Apple watch: US stocks drift higher at midday as investors wait for iPhone maker's results

  • Trader John O'Hara wears an Ironman mask as he works on the floor of the New York Stock Exchange, Monday, April 27, 2015, in New York. Actors Jeremy Renner and Robert Downey Jr. rang the NYSE opening bell Monday with representatives from Marvel Entertainment. (AP Photo/Jason DeCrow)

    Trader John O'Hara wears an Ironman mask as he works on the floor of the New York Stock Exchange, Monday, April 27, 2015, in New York. Actors Jeremy Renner and Robert Downey Jr. rang the NYSE opening bell Monday with representatives from Marvel Entertainment. (AP Photo/Jason DeCrow)  (The Associated Press)

  • A trader wearing an Avengers t-shirt works on the floor of the New York Stock Exchange, Monday, April 27, 2015, in New York. Actors Jeremy Renner and Robert Downey Jr. rang the NYSE opening bell Monday with representatives from Marvel Entertainment. (AP Photo/Jason DeCrow)

    A trader wearing an Avengers t-shirt works on the floor of the New York Stock Exchange, Monday, April 27, 2015, in New York. Actors Jeremy Renner and Robert Downey Jr. rang the NYSE opening bell Monday with representatives from Marvel Entertainment. (AP Photo/Jason DeCrow)  (The Associated Press)

U.S. stocks are barely higher at midday as investors look ahead to Apple's results later today and a meeting by the Federal Reserve on interest rates.

The Dow Jones industrial average rose 32 points, or 0.2 percent, to 18,113 as of 12 p.m. Eastern time Monday. The Standard & Poor's 500 index rose one point, or a fraction of a percent, to 2,118. The Nasdaq composite slipped five points, or 0.1 percent, to 5,086.

Along with Apple, more than 150 companies in the S&P 500 will report their quarterly results this week, including Ford and Exxon Mobil. Investors will also pay close attention to a two-day meeting at the Fed, which starts Tuesday.

U.S. government bond prices fell, pushing up the yield on the 10-year Treasury to 1.93 percent.