Earnings from Visa, Boeing, KLA Corporation, Seagate, and more will be in focus today as investors continue their rotation away from AI darlings ahead of tomorrow's Fed meeting.
A Fed rate decision and a crowded earnings and economic calendar feature this week. Highlights include GDP and PCE data as well as earnings from Microsoft, Meta, Apple, and Amazon.
Stocks opened higher today, coupled with lower oil prices and bond yields, following news that the U.S. is pausing attacks on Iran, but have struggled to hold onto those gains around midday.
Schwab's Kevin Gordon examines the decision the Fed faces in the latest Week Ahead: Whether or not to hike the federal funds rate based on employment and inflation data.
Stocks are on track for modest weekly losses, particularly in the technology space, as rising oil prices and higher Treasury yields keep investors sidelined, despite strong earnings reports.
Alphabet and Tesla delivered earnings late Wednesday, and reaction could affect trading today. Alphabet enjoyed firm cloud growth, but Tesla fell short as margin disappointed.
Mega-caps Alphabet and Tesla report this afternoon. Chips rallied into Alphabet's results, possibly on hopes for big spending plans. But climbing yields and oil present headwinds.
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