Show Notes
A key day of the quarter is here as the Fed decides on rates and investors await Microsoft and Alphabet results after the close, focused on cloud growth. No rate hike is expected.
More from Schwab Market Update Audio
As the Fed begins its two-day meeting, earnings start pouring in as one-third of S&P 500 firms report this week. Boeing, Visa, and Corning go today, and new home sales data is due.
The Fed meets this week and three of the Magnificent Seven report after last week's stock market and yield retreat. Oil remains in focus after its big gains, and so do AI worries.
The market approaches the weekend on shaky ground after yesterday's dramatic tech sell-off and slide in Treasury yields amid a flight to perceived safety. Sentiment data looms.
Solid earnings from Meta and Tesla, accompanied by Meta's better-than-expected guidance, appeared to impress and may provide more momentum for tech in what's been a strong week.
SpaceX and Netflix both topped expectations late Tuesday, though neither moved much in the aftermath. Meta and Tesla report later today. The 10-year yield and oil fell Tuesday.