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7 Dow stocks and dozens of others report as Fed gets down to business

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Bullish Tom Lee says stocks may suffer August slide

The Fed begins its two-day meeting Tuesday amid a barrage of earnings news and economic reports on housing and the consumer.

Dozens of companies report, with six Dow components reporting before the opening bell, and a seventh — Apple — reporting after the close. As of Monday, 69 percent of the companies that have reported so far beat estimates, and investors continue to weigh whether company results and comments are good enough to justify record-high stock prices.

Stocks did fall Wednesday, as West Texas Intermediate oil prices slumped 2.4 percent to $43.13 per barrel on supply concerns. The S&P 500 lost six points to 2,168, while the S&P energy sector fell nearly 2 percent.