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Here's What's Happening in Markets: May 1 [Yahoo! Finance]
Last amazon.com, inc. earnings: 4/30 04:01 pm
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US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml%3fc%3d97664%26p%3dirol-irhome
According to the CME Fed Watch Tool , it's a foregone conclusion that the Fed will hold rates steady today. And while markets have already priced in the Fed's decision, investors will listen closely to Fed Chair Jay Powell's afternoon speech and answers to reporter questions for further clues about the future direction of interest rates. SPY, the SPDR S&P 500 ETF Trust , slid by a quarter of a percentage point while DIA, the SPDR Dow Jones Industrial Average ETF Trust inched 0.2% higher. The Fed meeting has grabbed attention from tech earnings. Amazon .com Inc. reported first-quarter beats on both top and bottom lines after Tuesday's closing bell, with the tech giant saying profit more than tripled year-over-year to $10.4 billion. It's shares jumped about 2.5%. Amazon is the largest holding in XLY, the Consumer Discretionary Select Sector SPDR Fund , which dropped 0.6% in midmorning trading. QQQ, the Invesco QQQ Trust which tracks the tech-heavy Nasdaq, slid by half a percent
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