Stock futures flat as investors await Fed meeting

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U.S. stock futures were flat in overnight trading as investors readied for comments from the Federal Reserve on Wednesday. 

Dow futures rose 12 points. S&P 500 and Nasdaq 100 futures were also set to open flat, with gains of 0.02% and 0.07%, respectively.

Better-than-expected earnings from FedEx and Adobe after the bell boosted sentiment. FedEx released a blowout quarter with earnings $2.18 per share above analyst estimates, fueled by the e-commerce boom. The shipping company rallied more than 9% in extended trading. Adobe jumped 2% after hours. 

On Tuesday, the Dow closed up marginally, after gaining more than 200 points

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Adobe, FedEx, Nikola and more

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Check out the companies making headlines after the bell:

FedEx — Shares of the shipping company jumped more than 8% in extended trading after beating on the top and bottom lines of its stellar quarterly results. FedEx reported earnings of $4.87 per share on revenue of $19.32 billion. Analysts polled by Refinitiv expected earnings of $2.69 per share on revenue of $17.55 billion. A key metric for the company, margin, came in 2% higher than last year. FedEx did not provide any forward-looking guidance. Shares of UPS also ticked higher after hours on hopes the e-commerce boom is also

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‘A legitimization of fitness content’

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John Foley, founder and chief executive officer of Peloton Interactive Inc.

Chris Goodney | Bloomberg | Getty Images

Peloton CEO John Foley said Tuesday that Apple launching a fitness platform is a “legitimization” of this type of content. 

Foley’s remarks were made during the bike maker’s first-ever investor meeting as a public company, and coincided with Apple’s splashy unveiling of the fitness platform, which will allow users to access a catalog of workout videos on iPhones, iPads, or on an Apple TV that sync to an Apple Watch. 

Peloton shares dipped slightly on the news and recently were up about

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At least 24 million students could drop out of school due to the coronavirus pandemic, UN says

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The disruption to schools caused by the coronavirus pandemic constitutes a “global education emergency” that threatens to derail the education of at least 24 million students projected to drop out of school as a result, said Henrietta Fore, executive director of the United Nations Children’s Fund. 

“At the height of Covid-19,” 192 countries shuttered schools, leaving 1.6 billion students without in-person learning, Fore said on a press call hosted by the World Health Organization and the United Nations Educational, Scientific and Cultural Organization. She added that now, more than 870 million students, “or half the world’s student population in 51

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