In today's update:
1) Small Caps advance but most other stocks close lower as equity markets pause ahead of Fed decision on interest rates. The Dow Jones Industrial Average dropped 23.33 or 0.09%, the S&P 500 fell 7.79 or 0.26% while the NASDAQ 100 closed lower by 19.72 or 0.24% and the Russell 2000 finished higher by 16.55 or 1.05%.
2) Crude Oil Futures jumped $1.29 or 2.27% on news of a supply drawdown while Gold Futures bounced $11.00 or 0.77% and the U.S. dollar finished flat. The Bond market showed strength and the yield on the 10-Year Treasury Note settled at 2.059%.
3) Apple Inc. (AAPL) reported quarterly earnings after market close on Tuesday and beat analyst estimates on just about every metric. AAPL reported earnings of $2.18 versus $2.10 expected and revenue of $53.8B vs 53.4B expected. They also raised their forward Guidance. Shares of AAPL are currently trading higher by $9.00 or 4.30% in the after-hours trading session.