After a sell-off in chip stocks yesterday on OpenAI concerns, investors await an expected Fed pause today along with earnings from four of the Magnificent Seven.
Four of the Magnificent Seven report later with focus on AI spending after demand worries surfaced yesterday. The Fed is expected to keep rates paused a third straight time.
The Department of Justice drops probe into Fed Chair Jerome Powell, Kevin Warsh's confirmation moves forward, and Department of Homeland Security funding is back in the spotlight.
A parade of earnings from U.S. consumer and tech firms begins today with Coca-Cola, UPS, and others ahead of mega-caps late Wednesday. The Fed is seen pausing rates tomorrow.
A busy week of data and earnings is ahead, including five of the Magnificent 7 and three central bank meetings, including the Fed. Indexes hit record highs Friday on chip strength.
Though high oil prices and war uncertainty remain, Wall Street continues trading near record highs on generally strong earnings. Intel and American Express report today.
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