What to Watch For: Fed Meeting Starts, and Earnings
■ The Fed’s rate-setting committee begins its two-day monetary policy meeting.
■ Apple, Pfizer and Merck post earnings.
■ Don’t forget to read the DealBook Morning Agenda.
BP Shares Up After Profits Rise
BP shares gained after the British oil giant reported a surge in profit for the first quarter of the year.
“All of our businesses are firing on all cylinders,” said Bob Dudley, the energy giant’s chief executive.