Stocks drop as the Fed meets, and Apple awaits. Plus, any minute now Apple earnings will be here, and we’ll have them for you. And Mark Zuckerberg is back in the spotlight at Facebook F8. Plus, Twitter going big with video, which could be a big play for Disney.
Winners and losers
Stocks in the red include Merck, as first-quarter revenue rose by 6% but a $1.4 billion charge stemming from its research partnership with a Japanese drugmaker dragged down profits by more than half; Transocean as the offshore driller missed big on earnings; and Match Group, with shares getting dumped as Facebook announced a new dating feature, which will go head to head with Match’s Tinder and Match dating service.
Stocks in the green include Wynn Resorts as gambling revenue in Macau grew a better-than-expected 28% in April; NutriSystem as the diet plan provider beat on earnings and upped its full-year guidance; and AbbVie, with shares jumping as the drugmaker’s revenue topped estimates, powered by sales of its blockbuster arthritis drug Humira and its cancer treatments.