Stocks Ended Mixed ahead of Federal Reserve Decision

U.S. stocks ended mixed on Tuesday, ahead of a key policy update from the Federal Reserve on Wednesday. The Dow Jones Industrial Average rose 38.52 points, or 0.15%, to 26,592.91. The S&P 500 added 2.80 points, or 0.10%, to 2,945.83. The Nasdaq Composite dropped 66.47 points, or 0.81%, to 8,095.39.

Crude prices settled higher on Tuesday, as the Saudis looked to defy President Donald Trump’s request to pump more oil and an uprising in Venezuela fed uncertainty over the country’s output. West Texas Intermediate crude for June delivery rose 41 cents, or 0.7%, to settle at $63.91 a barrel. June Brent crude rose 76 cents, or 1.1%, to end at $72.80 a barrel.

Apple (AAPL) reported top- and bottom-line results for the fiscal second quarter that exceeded Wall Street’s expectations. The company delivered earnings of $2.46 per share, beating expectations for $2.37 per share, according to data compiled by Bloomberg. Revenue totaled $58 billion in for the March quarter, also surpassing consensus estimates for $57.49 billion.

Advanced Micro Devices (AMD) reported stronger-than-expected first-quarter financial results. The chipmaker posted adjusted earnings per share of 6 cents, exceeding expectations for 5 cents per share, according to data compiled by Bloomberg. AMD reported revenue of $1.27 billion, which was above consensus estimates for $1.26 billion in revenue.