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Tech Jitters and Fed Uncertainty Weigh on Markets

U.S. stocks slipped as a pivotal week began, with investors bracing for a wave of Big Tech earnings and the Federal Reserve’s upcoming policy decision. The Dow, S&P 500, and Nasdaq all edged lower, reflecting a cautious mood across markets. The pullback follows a choppy stretch for equities, as major indexes have struggled to regain momentum amid shifting expectations for interest‑rate cuts and ongoing geopolitical concerns. Tech stocks, in particular, have been under pressure after consecutive weekly declines, raising the stakes for earnings reports from industry giants. Apple, Microsoft, Meta, and Tesla are all set to report in the coming days, and their results could determine whether the sector reclaims leadership or continues to drag on broader market performance. With the Fed meeting approaching, traders are looking for clarity on the central bank’s rate‑cut timeline. Until then, many appear content to stay on the sidelines as uncertainty hangs over the week ahead.
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Wall Street Leans Toward Gains Ahead of Powell Testimony and Earnings Data


Wall Street is poised for gains as we enter day two of Federal Reserve Chair Jerome Powell’s testimony before Congress. Here are the key highlights:

  1. Futures Rise: Futures for the S&P 500 have climbed 0.2%, while Dow Jones Industrial Average futures edged up slightly. Investors are closely monitoring Powell’s remarks for insights into monetary policy decisions.

  2. Earnings Season: As companies report their quarterly earnings, market participants are paying attention to corporate performance. Expectations are high, and positive surprises could drive further gains.

  3. Inflation Data: The market is also keeping an eye on inflation data. Rising prices have been a concern, and any indications from Powell regarding the Fed’s stance on inflation will be closely scrutinized.

Remember, Powell’s comments can significantly impact market sentiment. Stay tuned for further updates as the day unfolds!


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