Updated to include earnings from Pfizer
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Here are five things you must know for Tuesday, May 2:
The economic calendar in the U.S. on Tuesday includes the first day of a two-day meeting of the Federal Open Market Committee, the Fed's monetary policy-making body. Economists don't expect the Fed to raise interest rates at the meeting.
The Fed boosted rates to a range between 0.75% and 1% at its previous meeting in March, and has signaled it could raise rates two more times in 2017.
European stocks traded with gain while Asian shares finished mostly higher. Japan's Nikkei 225 index rose 0.7%, while China's Shanghai Composite Index declined 0.35%.
Oil prices in the U.S. early Tuesday rose 0.7% to $49.19 a barrel.
2. -- Aetna (AET) reported first-quarter adjusted profit of $2.71 a share, above estimates of $2.37.
Earnings are also expected Tuesday from Apple(AAPL) - Get Report , Coach (COH) , CVS Health(CVS) - Get Report , Mondelez (MDLZ) - Get Report , Weight Watchers (WTW) - Get Report , FireEye(FEYE) - Get Report , Anadarko Petroleum(APC) - Get Report , ConocoPhillips(COP) - Get Report , First Solar(FSLR) - Get Report , Aetna (AET) , Gilead Sciences(GILD) - Get Report , Merck (MRK) - Get Report ,MasterCard(MA) - Get Report and Allstate (ALL) - Get Report .
Apple, the iPhone maker, is expected by analysts to report fiscal second-quarter earnings of $2.02 a share on sales of $53.1 billion. During the same quarter a year earlier, Apple posted earnings of $1.90 a share on sales of $50.56 billion.
3. -- BP(BP) - Get Report shares were rising 1.6% in London after the oil giant posted stronger-than-expected first-quarter profit and trimmed its capital expenditures amid a surge in global oil prices.
BP said net income for the first three months of the year was $1.45 billion, taking underlying replacement cost profit to $1.51 billion compared to a year-earlier loss of $583 million and ahead of forecasts of $1.26 billion.
Revenue in the first quarter rose 45% to $55.86 billion as the company benefited from a sharp increase in global crude oil prices.
Operating cash flow for the three months ended in March rose 46.6% to $3 billion, whene post-tax payments related to the Gulf of Mexico oil spill are excluded. Organic capital expenditures fell 22%.
Infosys said the new technology centers will focus on areas including artificial intelligence, machine learning, user experience, emerging digital technologies, the cloud and big data. The centers will serve clients in key industries such as financial services, manufacturing, health care, retail and energy. The first center is set to open in Indiana in August.
"Infosys is committed to hiring 10,000 American technology workers over the next two years to help invent and deliver the digital futures for our clients in the United States," CEO Vishal Sikka said in a statement.
The move comes amid a drive by Donald Trump to hire more domestic workers for tech sector jobs, with the U.S. president accusing some IT companies of abusing the H1-B visa program to hire cheaper foreigner employees.
Analysts at Kelley Blue Book predicted car sales would drop 3% in April from a year earlier to 1.45 million. For the year, sales are expected to slow to between 16.8 million and 17.3 million.
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