"It looks like it's an operating beat, but they got there probably like no one thought they would," Raymond James analyst Anthony Polini told CNBC.
U.S. manufacturing output continued to expand in March, thawing out from the cold winter.
The Fed should try to make communications on the expected path of rates and the economy consistent with policy statements, a top official said.
Both U.S. housing starts and building permits suggested underlying market weakness.
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Increased wages for federal contract workers on military bases could result in job losses, The Fiscal Times reports.
Samsung Electronics is spending more to build its new flagship Galaxy S5 than the previous model despite a slowdown in the high-end smartphone market.
CNBC's Kate Kelly says The Wall Street Journal is reporting that New York Attorney General Eric Schneiderman has issued subpoenas for half a dozen high-frequency trading firms, including Jump Trading, Chopper Trading and Tower Research.
Ross Gerber of Gerber Kawasaki discusses Google's mobile shift from desktop and focuses on its "spending issues." Victor Anthony, Topeka Capital Markets, weighs in.
American Express is reporting Q1 EPS of $1.33 on revenue of $8.20 billion, with CNBC's Mary Thompson.