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Wall Street Week Ahead: Markets brace for pivotal week of Fed rate decision, Big Tech earnings
Investors anticipate a Federal Reserve rate cut with 96% expecting a deep reduction, alongside Big Tech earnings and US-China talks that could influence market direction.
- Sunday, NYSE stock futures rose as investors looked ahead to a widely expected Federal Reserve interest-rate move, with Wall Street focusing on the policy meeting concluding on Wednesday.
- After cooler inflation readings, the Consumer Price Index for September came in below forecasts, and slightly more than 96% of investors expect a deep cut to 375 to 400 basis points, per the CME FedWatch Tool.
- The S&P 500 and Nasdaq recorded gains of 0.79% to 6,791.69 and 1.15% to 23,204.87, while the Dow Jones Industrial Average closed above 47,000 for the first time.
- U.S. and Chinese leaders will meet Thursday in South Korea, with analysts saying `a much broader trade framework/deal could be on the table this week between US and China` that may significantly impact markets.
- Several major tech firms will report third-quarter results this week, with Alphabet, Amazon, Apple, Meta Platforms and Microsoft expected to post stronger-than-expected earnings amid AI bubble concerns.
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Wall Street Week Ahead: Markets brace for pivotal week of Fed rate decision, Big Tech earnings
Following softer-than-expected September consumer inflation figures and signs of a slowing labour market, investors are widely anticipating the US central bank will enact another 25 basis point interest rate cut on Wednesday
·New Delhi, India
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Coverage Details
Total News Sources13
Leaning Left2Leaning Right0Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 33%
C 67%
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