It's a wait-and-see game on Wall Street as investors look ahead to tomorrow's statement from the Federal Reserve about the future of interest rates.
The S&P 500 (^GSPC) and the Nasdaq (^IXIC) are struggling to make headway after setting record highs on Friday, and Yahoo Finance Senior Columnist Michael Santoli believes Janet Yellen and company might want to send a message to investors not to try to anticipate what they will or will not do.
"The Fed is not interested in making any sudden moves," he says. "But they may decide that because we've already gotten to this mode where the pendulum has swung over to no rate hike soon maybe they have to remind the market that we remain on alert for that."
Apple's boffo quarter
Here’s look at some of the stocks the Yahoo Finance team will be tracking for you today.
Apple (AAPL) reporting another blowout quarter. The tech giant's earnings and revenue surpassed analysts' estimates with profits hitting a record for the first three months of the year. Sales jumped 27% from a year earlier as it sold more iPhones in China than the U.S. for the first time ever. Apple also raised its dividend by 11% and increased its share buyback by $50 billion to $140 billion. However, the company did not provide any sales figures for its new Apple watch.
UPS (UPS) shares are higher ahead of the open. The world's biggest delivery company posting an earnings per share beat, but revenue came in slightly below estimates. Profits were helped by prices increases and growth in its domestic market.
Ford (F) shares are on the move this morning. The automaker reporting earnings per share that missed Wall Street views, while revenue came right in line with forecasts. Profits fell more than 6% from a year earlier due to the rollout of the F-150 pickup truck and as it continued to lose money in Europe and South America.
Container Store (TCS) shares are tumbling in early trading. The storage products retailer provided a weak outlook for the year after reporting a miss on both its top and bottom lines for its fourth quarter ending in February. The company said the winter storms and the stronger dollar took a toll on its annual Elfa shelving sale which hurt results.
GoPro (GPRO) is also in focus as the wearable camera maker gets set to report its quarterly results after the close of trading today. Analysts are looking for earnings of $0.18 a share on revenue of about $341 million.
Facebook's new app
Facebook (FB) is adding video to its messaging app. The feature allows users to start video conversations with friends through the app.
And here's a new trend for Millennials. According to a report from the Urban Institute, birth rates among American women in their 20s hit historic lows in the years following the financial crisis. This marked an abrupt change from the prior three decades of relatively stable birth rates.