The markets opened flat with the Dow easing 2 points to 24,097 as the Federal Reserve holds its two-day policy meeting. Nasdaq rose 8 points to 7138.
On the upside
Shutterfly (Nasdaq: SFLY) narrowed first quarter losses more than expected as revenue rose.
Lumentum (Nasdaq: LITE) swung to a greater than expected profit for the third quarter as revenue rose.
HC2 Holdings (NYSE: HCHC) subsidiary BeneVir Biopharma will be acquired by Janssen Biotech.
On the downside
Snap (NYSE: SNAP) disappointed with a greater than expected loss for the third quarter as revenue and user growth fell short of estimates.
Yum China Holdings (NYSE: YUMC) reported higher first quarter earnings and revenue but Pizza Hut revenue dropped.
First quarter earnings for Unum Group (NYSE: UNM) missed expectations.
In the broad market, advancing issues outpaced decliners by a margin of 6 to 5 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 held steady at 2,654. Bitcoin added $9 to $9,087.