US shares fall on Federal Reserve statement on rates



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(Close): US stocks ended lower, after the Federal Reserve indicated it will likely keep rates low for a considerable time but warned of developments internationally.

The Dow Jones fell 195.84 points to 17,191.37, while the S&P 500 shed 27.39 points to 2,002.16.

The tech-focused Nasdaq lost 43.50 points to end at 4,637.99.

Shares in Apple rose by 5.65% after it reported the biggest quarterly profit in history.

Record iPhones sales helped to push up profits to $18bn - Apple sold 74.5 million iPhones in the three months to 27 December.

Boeing shares rose 5.4% after commercial jet demand boosted its fourth quarter profits. Net profit rose to $1.47bn, up from $1.23bn a year earlier.

Meanwhile, Chinese online giant Alibaba's stock fell 4.36% after regulators accused it of allowing sales of fake goods and hurting consumers.

Alibaba said that the regulator was biased and accused it of misconduct.