“Apple shares gained [more than] 7% in premarket action after the iPhone maker late Tuesday posted quarterly profit that dropped from a year ago, but beat expectations,” Mahmudova and Reklaitis report. “Revenue at the world’s largest company by market value also fell, yet topped Wall Street’s forecasts.”
“On the Fed front, the U.S. central bank is expected to stand pat on interest rates as it releases a policy statement at 2 p.m. Eastern Time,” Mahmudova and Reklaitis report. “Traders want to see if Fed chief Janet Yellen and her colleagues offer any signals on the possibility of a September rate hike.”
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MacDailyNews Take: Welcome back, mom and pop!
…you fickle ignoramuses.
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