Markets Start Week Under Oil Pressure, Technological Results and Meeting of the Fed Economic Journal
Investors await the Federal Reserve’s rate call as 160 S&P 500 companies report this week and oil prices ease after recent swings.
- Stock futures edged up Monday as the S&P 500 rose 0.4%, narrowing its gap to an all-time high after two straight losing weeks amid anticipation of major tech earnings and a Federal Reserve decision.
- Market sentiment remains strained by elevated energy costs; Brent crude settled at $116.72 per barrel on Friday following reports of potential U.S. and Israeli strikes against Iran, squeezing global oil supplies.
- Alphabet, Microsoft, and Amazon report earnings this week, representing about 15% of the S&P 500; traders are evaluating whether massive AI-related spending translates into sustainable corporate profits.
- The Federal Reserve is widely expected to hold interest rates steady at 3.75% to 4% on Wednesday; Fed funds futures suggest a 90% likelihood, though Bank of America analysts warn the decision is a 'heavy lift'.
- Broader risks loom as Elon Musk warned that neocloud firms face 'guppy-level death' due to debt constraints, while Bank of America economist Claudio Irigoyen cautioned the Fed's decision tests Chair Warsh's strategy amid 'policy error' risks.
54 Articles
54 Articles
One of the most critical periods of the US quarterly reporting season is coming, as a third of the companies in the S&P 500 index will publish their numbers this week. Most of the companies that have reported so far have caused pleasant surprises, and analysts expect massive profit growth at the index level, which could temporarily distract investors from high fuel prices, rising bond yields and AI concerns.
The results of Alphabet and Microsoft on Wednesday, then Amazon on Thursday, will be scrutinized. ...
In the early trades, Dow Jones took 0.47%, Nasdaq 0.32% and the expanded S&P 500 earned 0.38%.
The Daily Advance
US stocks tick higher as oil prices ease a bit
Stocks on Wall Street are ticking higher. The S&P 500 rose 0.4% Monday, coming off a second straight losing week. The Dow Jones Industrial Average added 216 points, and the Nasdaq composite climbed 0.3%. Stocks got some breathing room after…
Rocky Mountain Outlook
US stocks open higher ahead of big earnings week and another Fed rate call
NEW YORK (AP) — Stocks on Wall Street are ticking higher after oil prices eased back a bit. The S&P 500 rose 0.3% early Monday, coming off a second straight losing week.
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