These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
Regional stability, oil prices and potential for war will all depend on what Iran does with its nuclear program in the event of the deal's termination.World Politicsread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say.Technologyread more
There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Weather & Natural Disastersread more
On Saturday, Disney's Marvel Studios announced its upcoming slate of superhero films during a panel at San Diego Comic-Con.Entertainmentread more
"It troubles me that the most important political office in the world is becoming the face of racism and exclusion," Kaeser said in a Twitter post.Politicsread more
U.S.stocks closed mixed on Tuesday as investors eyed tech earnings and awaited the Federal Reserve's statement on Wednesday. (Tweet This)
Twitter had its second-worst day, with shares closing down 18.18 percent. In the last 15 minutes before the close, shares resumed trading about 20 percent lower. The company was scheduled to report after the bell but released its earnings early, after shares were halted following a 5.5 percent plunge on online reports that earnings may have leaked.
The social media company reported a beat on earnings but a miss on revenue, as well as lower 2015 full-year expectations. Guidance on second-quarter revenue was about $100 million lower than estimates.
Tuesday's afternoon gains in equities were muted, with the Nasdaq failing to stay in positive territory, as investors remained on edge ahead of Wednesday's expected Fed statement.
"The Fed meeting has caused markets to be nervous even though there's no press conference," said Qunicy Krosby, market strategist at Prudential Financial. "There is a worry that there is a signal that they will raise rates this year."
The Federal Market Open Committee began on Tuesday and will conclude with the release of a post-meeting statement expected at 2 p.m. on Wednesday. A wave of mostly disappointing domestic data since the previous FOMC meeting has spurred economists to downgrade their outlooks for the U.S. economy in 2015, particularly for the first quarter. Signs of economic improvement in the subsequent quarters could still support a rate hike at some point later this year.
"The market is very content with the earnings and its a stubbornly strong market, and I suspect another reason for today's climb is investors feel confident the FOMC statement ... is not going to be (too) hawkish and interest rates stay on hold," said Peter Cardillo, chief market economist at Rockwell Global Capital.
The Dow Jones industrial average held about 70 points higher after briefly falling more than 100 points on news of the seizure of a Western cargo ship off the coast of Iran.
Oil futures pared gains after earlier rising on the same headlines. Crude oil settled up 7 cents at $57.06 a barrel on the New York Mercantile Exchange. Gold futures ended up $10.70 at $1,213.90 an ounce.
"It was a big move for a moment there. It seems with denials (that the ship was a U.S. ship) " stocks are coming back," said Dan Greenhaus, chief global strategist at BTIG. "It's all earnings."
Senior US defense officials told NBC News that Iranian Revolutionary guard forces seized a cargo ship, flagged to the Marshall Islands. According to the officials, the revolutionary forces boarded the vessel in international waters off the coast of Iran and may be taking it to an Iranian port.
The Maersk Tigris, which had no U.S. citizens abroad, was traveling through the Strait of Hormuz near the Persian Gulf when the incident occurred, a Pentagon spokesman told Reuters.
"I would say many years ago Iran news would have ... shaken (the market)," said Jack Ablin, chief investment officer at BMO Private Bank. "It doesn't appear to have as much impact as I would have thought."
Art Hogan, chief market strategist at Wunderlich Securities, noted the earlier decline in equities came amid a slightly disappointing consumer confidence figure, an Apple downgrade, and Iranian news. "It's a confluence of all three things hitting at the same time."
Apple closed down 1.6 percent as the worst performing blue chip. Earlier, the stock briefly gained to touch a new all-time high above $133.60 a share as the tech giant carried over momentum from Monday's earnings report. The company reported quarterly earnings per share of $2.33 on revenue of $56.08 billion, both above consensus estimates. Apple also said it would expand its capital return program to $200 billion from $130 billion.
Apple closed up 1.8 percent on Monday ahead of its earnings report. However, a major decline across biotechs weighed on the major indices, which failed to hold Friday's records and closed lower on Monday.
Merck surged more than 5 percent, for its best day since January 2014, to lead gains in the Dow. The firm beat Wall Street's estimates after posting adjusted quarterly profits of 85 cent per share on revenue of $9.4 billion, sending the stock up more than 4.5 percent in premarket trading. Analysts expected the company to report earnings per share of 75 cents on revenue of $9.1 billion.
The euro strengthened to above $1.09, with hopes of progress on the Greece debt talks, Boockvar said. However, the stronger currency put pressure on European stocks, which closed lower.
Greek Prime Minister Alexis Tsipras said on Monday that he may resort to a referendum if lenders insist on demands that the government deems unacceptable, Reuters reported. But he added that he was confident of striking a deal to avoid such a scenario.
The Conference Board consumer confidence survey results for April was 95.2, below expectations of a rise.
The S&P/Case-Shiller's 20-City Composite gained 5 percent year-over-year in February, compared with a 4.5 percent increase in January.
"This is certainly good news at a time (when) we need good news," Hogan said. He noted while traders will focus on Apple, they have a slew of other earnings to watch.
The U.S. 10-year Treasury yield gained to 1.99 percent.
"I think that's due to the strong housing data," Cardillo said.
BP closed up 1 percent after the firm managed to beat its own profit expectations in a first-quarter release.
Pfizer closed mildly lower, down 0.32 percent, after the company lowered its 2015 guidance for earnings per share and revenue. The pharmaceutical giant also reported quarterly adjusted profits of 51 cent per share on revenue of $10.86 billion, both of which beat Wall Street estimates.
The closed up 5.84 points, or 0.28 percent, at 2,114.76, with telecommunications leading nine sectors higher and consumer discretionary the only laggard.
The Nasdaq closed down 4.82 points, or 0.10 percent, at 5,055.42.
Advancers outpaced decliners about two to one on the New York Stock Exchange, with an exchange volume of 786 million and a composite volume of 3.5 billion in the close.
The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 13.
—CNBC's Tom DiChristopher, Jenny Cosgrave and Fred Imbert contributed to this report
On tap this week:
Fed meeting starts
Earnings: Samsung Electronics, Aflac, Akamai, GoPro, Kraft Foods, Range Resources, Twitter, Western Digital, Buffalo Wild Wings, Panera Bread, U.S. Steel
Earnings: Deutsche Bank, Fiat Chrysler, Northrop Grumman, General Dynamics, Hess, Starwood, Brunswick, Carlyle Group, Spirit Airlines, Norfolk Southern, Southern Co, Time Warner, Garmin, GrubHub, International Paper, Thomson Reuters, MasterCard, Marriott, Whiting Petroleum, Williams Cos, Boston Beer, Cabot, Murphy Oil, Baidu, Vertex, Yelp, Shutterfly, LaQuinta, Goodyear
8:30 a.m.: Q1 GDP, pending home sales
1:00 p.m.: $29 billion 7-year notes
2:00 p.m.: FOMC statement
Earnings: ExxonMobil, ConocoPhllips, Royal Dutch Shell, Sanofi, Statoil, BNP Paribas, Visa, AIG, LinkedIn, Colgate-Palmolive, Celgene, Delphi Automotive, Air Products, Cigna, Cardinal Health, Sony, Time Warner Cable, Teva Pharma, Viacom, Beazer Homes, First Solar, FireEye, Dreamworks Animation, Healthsouth
8:30 a.m.: Initial claims, personal income/spending, employment cost index, Fed Gov. Daniel Tarullo
9:45 a.m.: Chicago PMI
Earnings: Chevron, CVS Health, Aon, Calpine, Clorox, Moody's, Newell Rubbermaid, Duke Energy, Weyerhaeuser, TransCanada, VF Corp, Madison Square Garden, Legg Mason, CBOE
8:30 a.m.: Cleveland Fed President Loretta Mester
9:45 a.m.: Manufacturing PMI
10 a.m.: ISM manufacturing, construction spending, consumer sentiment
3:45 p.m.: San Francisco Fed President John Williams
More from CNBC.com: