Apple powers Wall Street; all eyes on Fed

Wall Street was trading higher on Wednesday morning, bolstered by strong results from Apple, and ahead of the Federal Reserve's decision on interest rate hikes. Apple shares soared 7.4 percent to $104.47 after the company sold more iPhones than expected in the third-quarter and gave an upbeat current-quarter forecast. The stock boosted all three major indexes and helped the S&P 500's information technology index rise 1.1 percent, outpacing the other 10 major sectors.