BREAKING NEWS Car of missing North Iowa man contained human remains Full Story

Apple's gift to investors; Fed decision; Tesla earnings

1. Apple rewards investors: Shares in Apple jumped as much as 4% in extended trading after the compa...

Posted: May 2, 2018 11:44 AM
Updated: May 2, 2018 11:44 AM

1. Apple rewards investors: Shares in Apple jumped as much as 4% in extended trading after the company announced a record cash giveaway to shareholders.

Apple spent $22.8 billion buying back its own stock in the first three months of this year and announced plans for further $100 billion worth of share buybacks.

Apple sold 52.2 million iPhones during the first three months of the year, up just 3% from the same period a year earlier. Analysts had expected sales to hit 53 million iPhones.

2. Europe health check: The eurozone economy grew 0.4% in the first quarter of 2018 compared to the previous three months, according official data. That's a slowdown from 0.7% in the previous quarter.

The GDP data, which was in line with analyst expectations, could influence plans by the European Central Bank to gradually end its stimulus program. The central bank had recently downplayed some weak regional economic data.

Some European economies are faring better than others: Data released last week showed the UK economy stalled in the first quarter, expanding just 0.1%.

3. Metal moves: Shares in aluminum producer Rusal surged 8% in Hong Kong after the US Treasury extended a deadline for investors to divest their holdings in the sanctioned company.

The Russian oligarch Oleg Deripaska agreed last week to reduce his stake EN+, a company listed in London that is the largest shareholder in Rusal, to below 50%.

Deripaska was hit earlier this month with tough sanctions on Russian oligarchs that target him and his businesses. EN+ and Rusal are part of a tangled web of corporate entities under his control.

Aluminum prices, which spiked dramatically after the sanctions were imposed, have fallen 13% from their recent high.

4. Fed decision: The US Federal Reserve will announce an interest rate decision at 2:00 p.m. ET.

Economists expect the central bank to keep rates on hold, but they will pay close attention to any details that give a sense of the bank's plans.

The Fed signaled in March that the path of future rate hikes could be "slightly steeper" over the next few years than previously thought.

5. Global market overview: US stock futures were mixed.

Major European markets opened higher, while stocks in Asia ended the session mixed.

US crude futures jumped 0.6% ahead of the release of a weekly oil inventories report to trade at $67.70 per barrel.

The S&P 500 closed 0.3% higher on Tuesday and the Nasdaq added 0.9%. The Dow Jones industrial average shed 0.3%.

Before the Bell newsletter: Key market news. In your inbox. Subscribe now!

6. Earnings and economics: CVS Health, Energizer, Estee Lauder, Garmin, Humana, MasterCard, Molson Coors Brewing, and Yum! Brands will release earnings before the open.

Avis Budget, Caesars Entertainment, Express Scripts, Fidelity National, Fitbit, Hyatt Hotels, Kraft Heinz, MetLife, Spotify, Sprint, Square, Tesla, and Valvoline will follow after the close.

Gilead Sciences slumped 6% in extended trading following a disappointing set of results.

Match Group, the owner of Tinder, plunged 22% on Tuesday after Facebook unveiled a new dating feature.

Markets Now newsletter: Get a global markets snapshot in your inbox every afternoon. Sign up now!

7. Coming this week:
Wednesday - CVS, Humana, Kraft Heinz, Metlife, Molson Coors, Spotify, Tesla, Yum; Fed meeting
Thursday - Cigna, DowDuPont, Kellogg, Weight Watchers earnings
Friday - Alibaba, Newell Brands earnings; Berkshire Hathaway annual shareholder weekend kicks off; Jobs report

Minnesota Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 135372

Reported Deaths: 2406
CountyConfirmedDeaths
Hennepin34290991
Ramsey14168361
Dakota9897138
Anoka8872150
Washington598672
Stearns588344
Scott342934
Olmsted327730
St. Louis302669
Wright254115
Clay232843
Nobles227616
Blue Earth20457
Carver18207
Sherburne171122
Kandiyohi17055
Rice164810
Mower152917
Winona126019
Chisago10402
Crow Wing103522
Lyon9766
Benton9509
Waseca9299
Beltrami9017
Otter Tail8737
Todd8266
Steele7613
Morrison7429
Nicollet73917
Itasca73617
Douglas7083
Freeborn6844
Polk6734
Le Sueur6315
Martin61317
McLeod6024
Goodhue59711
Watonwan5794
Becker5754
Isanti5615
Pine5490
Carlton4441
Chippewa4443
Mille Lacs41315
Hubbard3962
Dodge3940
Wabasha3840
Cass3775
Pipestone35117
Rock3404
Meeker3313
Brown3243
Unassigned29253
Yellow Medicine2856
Murray2833
Cottonwood2820
Redwood28111
Roseau2650
Fillmore2640
Renville25611
Sibley2543
Wadena2393
Faribault2350
Jackson2151
Kanabec21510
Swift2071
Houston2061
Pennington1951
Lincoln1840
Stevens1841
Aitkin1792
Koochiching1704
Pope1610
Big Stone1410
Lac qui Parle1403
Wilkin1374
Marshall1261
Lake1230
Norman1170
Mahnomen1162
Clearwater1140
Grant994
Red Lake782
Traverse570
Lake of the Woods441
Kittson420
Cook170

Iowa Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 116514

Reported Deaths: 1643
CountyConfirmedDeaths
Polk19024288
Woodbury724797
Johnson586230
Black Hawk562698
Linn5591132
Dubuque521157
Scott456639
Story401018
Dallas346344
Pottawattamie324744
Sioux244716
Buena Vista226112
Marshall202036
Webster184415
Plymouth166728
Wapello153062
Clinton149226
Muscatine147758
Des Moines139610
Cerro Gordo137726
Crawford136114
Warren12617
Carroll115612
Jasper111234
Henry10675
Marion101810
Lee95610
Tama94837
Delaware78013
Dickinson7417
Wright7271
Boone7239
Mahaska69724
Bremer6779
Washington66211
Harrison65815
Jackson6333
Benton5902
Lyon5537
Clay5354
Louisa52315
Winnebago49719
Hardin4777
Winneshiek4779
Hamilton4754
Cedar4746
Kossuth4690
Poweshiek45911
Buchanan4544
Jones4474
Floyd43711
Emmet43019
Clayton4233
Iowa4109
Page4060
Mills4053
Cherokee4032
Sac3994
Guthrie39515
Cass3903
Butler3832
Fayette3814
Franklin38118
Shelby3732
Allamakee3719
Madison3623
Chickasaw3611
Clarke3523
Humboldt3253
Hancock3204
Palo Alto3142
Grundy3115
Calhoun3094
Osceola2851
Mitchell2811
Howard2709
Monroe25911
Monona2451
Taylor2432
Jefferson2391
Union2314
Appanoose2273
Pocahontas2262
Fremont2061
Lucas2056
Ida1932
Greene1870
Van Buren1802
Davis1784
Montgomery1787
Adair1701
Keokuk1611
Decatur1500
Audubon1481
Worth1450
Wayne1213
Ringgold882
Adams810
Unassigned110
Rochester
Clear
29° wxIcon
Hi: 31° Lo: 25°
Feels Like: 15°
Mason City
Clear
31° wxIcon
Hi: 34° Lo: 24°
Feels Like: 19°
Albert Lea
Clear
30° wxIcon
Hi: 31° Lo: 25°
Feels Like: 19°
Austin
Clear
28° wxIcon
Hi: 32° Lo: 25°
Feels Like: 18°
Charles City
Clear
28° wxIcon
Hi: 36° Lo: 24°
Feels Like: 20°
Tracking plenty of sunshine through the week!
KIMT Radar
KIMT Eye in the sky

Community Events