Fed holds rates, Apple earnings, Peloton CEO: 3 Things

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The Federal Reserve has elected to continue to hold rates steady, with Chair Jerome Powell echoing the decision suggesting rates will stay higher for longer in his press conference on Wednesday.

Apple (AAPL) will report its fiscal second-quarter earnings after today’s closing bell, with many eyes on Apple’s performance in China after reported sluggishness in recent iPhone sales.

Shares of Peloton (PTON) are moving higher in Thursday’s pre-market session following reports of CEO Barry McCarthy’s plans to step down.

Yahoo Finance Reporters Jared Blikre, Dan Howley, and Madison Mills join the Morning Brief to break down the three things investors need to know ahead of May 2’s market open.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Nicholas Jacobino

This article was originally published by a finance.yahoo.com

Read it HERE


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