ADVERTISEMENT

10 things you need to know today (SPY, SPX, QQQ, DIA, TWLO, AAPL, WTW, ETSY, JPM)

This is what traders are talking about.

Marine Le Pen, French National Front (FN) candidate for 2017 presidential election, speaks during an interview with Reuters in Paris, France.

Here is what you need to know.

ADVERTISEMENT

Here comes the Fed. The Federal Reserve will release its latest policy decision at 2 p.m. ET. While expectations are low for the Fed to raise rates at Tuesday's meeting, World Interest Rate Probability data provided by Bloomberg shows a 69.6% chance the central bank moves in June.

Le Pen and Macron debate. Far-right candidate Marine Le Pen and centrist Emmanuel Macron square off in one final debate on Wednesday before the second round of the French election is held on Sunday. The polls show Macron with a 20-point lead over Le Pen, Reuters says.

JPMorgan is prepping to relocate hundreds of London bankers. The investment bank will relocate "hundreds of people" to offices in Dublin, Frankfurt, and Luxembourg if the UK leaves the European Union,

ADVERTISEMENT

Apple whiffs on revenue and iPhone sales. Apple earned $2.10 per share on revenue of $52.9 billion as iPhone sales came in at 50.76 million, flat versus a year ago.

Twilio crashes on guidance. Shares of the cloud communications company crashed 26% following Tuesday's closing bell after the company forecast an adjusted full-year loss of $0.27 to $0.30 on revenue of $356 million to $362 million. Both were well shy of expectations.

Etsy's CEO is stepping down. The company announced flat earnings, CEO Chad Dickerson is stepping down, and that it will eliminate about 80 jobs, or 8% of its workforce. Shares tumbled by up to 14% following the news.

Weight Watchers posts dynamite earnings. The weight loss company earned $0.16 per share, easily beating the $0.04 that Wall Street was anticipating, and raised its full-year earnings forecast to

Stock markets around the world trade mixed. Australia's ASX (-1.4%) lagged overnight and Spain's IBEX (+1%) leads in Europe. The S&P 500 is set to open down 0.2% near 2,386.

ADVERTISEMENT

Earnings reporting remains heavy. Molson Coors, Time Warner, and Yum are among the names reporting ahead of the opening bell while Facebook and Tesla highlight the list of companies releasing their quarterly results after markets close.

US economic data flows. ADP Employment Change will be released at 8:15 a.m. ET before Markit services PMI and ISM non-manufacturing cross the wires at 9:45 a.m. ET and 10 a.m. ET, respectively. The US 10-year yield is up 1 basis point at 2.30%.

FOLLOW BUSINESS INSIDER AFRICA

Unblock notifications in browser settings.
ADVERTISEMENT

Recommended articles

Sony’s creators convention redefines the creative landscape for content creators

Sony’s creators convention redefines the creative landscape for content creators

Egypt, Nigeria, and South Africa ranked as Africa's most polluted countries in new report

Egypt, Nigeria, and South Africa ranked as Africa's most polluted countries in new report

10 African countries with the lowest life expectancy according to the World Bank

10 African countries with the lowest life expectancy according to the World Bank

Kenyan women are more obese than their men - here’s why

Kenyan women are more obese than their men - here’s why

Africa’s richest man Dangote stands between Europe and $17 billion in revenue

Africa’s richest man Dangote stands between Europe and $17 billion in revenue

After months of exchanging blows, Kenya and Uganda takes steps towards resolution

After months of exchanging blows, Kenya and Uganda takes steps towards resolution

Africa's first black billionaire could join $2.9 billion Vivendi bid for MultiChoice

Africa's first black billionaire could join $2.9 billion Vivendi bid for MultiChoice

10 most dangerous African countries in 2024

10 most dangerous African countries in 2024

Russia’s nuclear influence expands further north of Africa

Russia’s nuclear influence expands further north of Africa

ADVERTISEMENT