Movers: Fed, Apple and Oil

Movers: Fed, Apple and Oil

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We’re following major developments in the markets throughout the day. Check below for the latest updates.

What to Watch For: Fed Meeting Starts, and Earnings

Customers at the Apple store in Lower Manhattan. The company is expected on Tuesday to report a slight increase in iPhone sales and overall revenue for the financial quarter that ended in March.

Credit
Spencer Platt/Getty Images

■ 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.

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