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U.S. stocks advance ahead of key tech earnings, Fed decision
Wall Street's major averages rose on Monday, with the S&P 500 up 0.6%, the Nasdaq Composite up 0.5%, and the Dow up 0.6%, ahead of Magnificent Seven tech earnings and the Federal Reserve's Wednesday rate decision.
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What happened
Wall Street's major averages rose on Monday, with the S&P 500 up 0.6%, the Nasdaq Composite up 0.5%, and the Dow up 0.6%, ahead of Magnificent Seven tech earnings and the Federal Reserve's Wednesday rate decision.
Confirmed
Global impact / market context
Tech earnings from Alphabet, Microsoft, and Amazon will show whether AI infrastructure spending is paying off, which can move their stock prices and the broader market, while the Fed decision shapes borrowing costs for companies and investors.
Analyst inference
Investors expect the Fed to hold rates at 4.75%-4.00%, so attention shifts to earnings and AI spending. Higher AI investment can raise costs now but support future revenue, affecting cash available and investor positioning in tech.
Analyst inference
What to watch
- Alphabet, Microsoft, and Amazon report third-quarter earnings on Wednesday and Thursday, and investors will monitor their AI infrastructure investments. Confirmed
- Anthropic plans an IPO on the Nasdaq Global Exchange Market, reporting revenue of $16.3B, which investors may compare with other tech listings. Proposed
- The Fed's Wednesday decision and commentary will signal rate direction, influencing borrowing costs, company capital spending plans, and stock valuations across industries. Analyst inference