Wall Street faces key week with Big Tech earnings, Fed decision, and inflation data
Wall Street is entering a crucial week as major events converge to test market stability near record highs. Key highlights include upcoming earnings reports from Microsoft, Meta Platforms, Apple, Amazon, Tesla, Alphabet, and other large corporations amid scrutiny over AI-related capital spending. The Federal Reserve's interest rate decision later in the week will also be closely watched for insights into inflation control and economic outlook. Investor sentiment has improved slightly following a drop in oil prices after geopolitical tensions briefly pushed crude to near $100 per barrel, but risks remain elevated. Analysts caution that while equity futures have risen on this news, markets still face hurdles including the Fed's policy stance and key inflation data like the July core PCE price index. The week will also see a flurry of economic reports such as durable goods orders, home prices, Q2 GDP figures, and employment cost indices. Additionally, IPOs from Jersey Mike’s and Ticketplus are expected to add further market activity.
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Topics: AI spending Big Tech earnings Federal Reserve rate decision inflation data oil prices