From Financialexpress · Sunil Dhawan · · 1m 40s
Wall Street Braces for Fed, Tech Earnings and Oil Surge
Wall Street prepares for Fed rate decision, big tech earnings and $116 oil prices this week.
In brief
Wall Street prepares for Fed rate decision, big tech earnings and $116 oil prices this week. Wall Street faces Fed rate decision, tech earnings and oil prices as key events could shift market sentiment. Originally reported by Financialexpress.
Wall Street Braces for Key Events
Global investors will watch the Federal Reserve’s interest-rate decision, major tech earnings and US economic data this week.
Fed Policy Meeting Begins
The Federal Open Market Committee meets October 27 with Fed Chair Kevin Warsh announcing the policy decision on October 28.
Market Expectations for Rates
Futures markets expect rates to stay unchanged in October but forecast a 25bps rate hike in December with 70% probability.
Central Banks Join Action
The Bank of Canada, European Central Bank and Bank of Japan will also announce policy decisions this week.
Big Tech Earnings Focus
Microsoft, Alphabet and Amazon report earnings on Wednesday after the market close with AI spending as key focus.
Oil Prices Surge
Oil prices climb above $116 a barrel as Middle East tensions raise energy supply concerns.
Tech Stocks Under Pressure
Technology stocks decline as investors question ai infrastructure spending returns and financing needs.
Market Reaction Last Week
US stock markets ended last week mixed with nasdaq down 0.71% and s&p 500 down 0.47%.
Bond Yields Fall
Treasury yields drop below 5% as tech sold off and geopolitical worries increase.
What Investors Will Watch
Investors focus on October 27 consumer confidence, October 28 Fed decision and big tech earnings this week.
Midterms Impact
US midterm elections next week could drive sharp market moves after oil prices rise.
At a glance
Wall Street faces Fed rate decision, tech earnings and oil prices as key events could shift market sentiment.
