Tesla, AMD, Google, General Electric – 5 Things You Must Know Tuesday

Tesla, AMD, Google, General Electric – 5 Things You Must Know Tuesday

Here are five things you must know for Tuesday, April 27:

1. -- Stock Futures Turn Lower After S&P 500 Sets Record High

Stock futures turned lower Tuesday, a day after solid corporate earnings reports pushed the S&P 500 to another record high.

The Federal Reserve begins a two-day meeting Tuesday. Investors don't expect the central bank to make any policy changes and to leave asset purchases unchanged. However, Wall Street will be paying close attention to indications of when the Fed might begin to trim its $120 billion in monthly asset purchases and its outlook on inflation.

Contracts linked to the Dow Jones Industrial Average fell 55 points, S&P 500 futures were down 2 points and Nasdaq futures fell 3 points.

Earnings will grab investors' attention Tuesday, with reports expected from companies such as Alphabet  (GOOGL) - Get Report, Advanced Micro Devices  (AMD) - Get Report, Microsoft  (MSFT) - Get Report and General Electric  (GE) - Get Report.

According to FactSet, a quarter of the companies in the S&P 500 have so far reported first-quarter results, and 84% of them have topped analysts' expectations. That is above the 77% one-year average and a record high, FactSet said, since it started tracking the data in 2008. 

The S&P 500 and Nasdaq