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Stock market today: Indexes edge up after Fed and as trader eye Apple earnings [Yahoo! Finance]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
Expectations heading into Apple earnings are mixed, with analysts seeing a tough period for the iPhone maker. US stocks rose Thursday morning following Wednesday's Federal Reserve meeting and as traders geared up for Apple earnings after the closing bell. Markets reacted mostly positively as the Fed opted on Wednesday to maintain the target range for the benchmark rate at 5.25%-5.50%. Importantly, Chairman Jerome Powell signaled that the central bank was not eyeing further hikes as some in the market had begun to fear amid sticky inflation. "I think it's unlikely that the next policy rate move will be a hike. I'd say it's unlikely," Powell said, while reassuring investors, that he doesn't see stagflation on the horizon. Data from the Labor Department showed weekly filings for unemployment benefits remained unchanged at 208,000 in the seven days ending April 27, coming in below the forecast of 212,000. Markets will next turn to April's nonfarm payroll report, due out on Frid
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