Microsoft, Alphabet, Meta, Apple, And Amazon Lead Big Tech Earnings This Week
(Monday Market Open) Investors appear optimistic to start the new week as equity index futures headed higher ahead of the opening bell. However, there’s a full economic calendar this week including the Federal Open Market Committee’s interest rate decision on Wednesday. Potential Market Movers This morning, the CME FedWatch Tool was calculating a 77.5% probability that the Fed would raise the overnight rate 75 basis points on Wednesday. The probabilities are likely to rise the closer we get to the announcement, so it will likely fall to the accompanying statement and press conference with Federal Reserve Chair Jerome Powell that to move the market on the rate picture. Thursday’s gross domestic product (GDP) has the potential to be controversial as well because of the ongoing debate over what constitutes a recession. Historically, two consecutive quarters of negative GDP growth have defined a recession, but some, including the White House, are arguing this time it’s different because of the strength of the U.S. jobs market.
Microsoft, Alphabet, Meta, Apple, And Amazon Lead Big Tech Earnings This Week
(Monday Market Open) Investors appear optimistic to start the new week as equity index futures headed higher ahead of the opening bell. However, there’s a full economic calendar this week including the Federal Open Market Committee’s interest rate decision on Wednesday. Potential Market Movers This morning, the CME FedWatch Tool was calculating a 77.5% probability that the Fed would raise the overnight rate 75 basis points on Wednesday. The probabilities are likely to rise the closer we get to the announcement, so it will likely fall to the accompanying statement and press conference with Federal Reserve Chair Jerome Powell that to move the market on the rate picture. Thursday’s gross domestic product (GDP) has the potential to be controversial as well because of the ongoing debate over what constitutes a recession. Historically, two consecutive quarters of negative GDP growth have defined a recession, but some, including the White House, are arguing this time it’s different because of the strength of the U.S. jobs market.