Markets Rise Ahead of Fed Decision and Major Earnings
U.S. stock futures are rising as investors focus on upcoming earnings reports and await the Federal Reserve's decision, indicating cautious optimism in the market.
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Fed Decision
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Markets Brace for Fed Decision and Major Tech Earnings Week
The stock market faces a critical week with a Federal Reserve interest rate decision and major tech earnings reports, amid ongoing government shutdown concerns. While a rate cut is expected, market focus is on the Fed's stance on quantitative tightening, which could surprise markets. Earnings from key tech giants will also influence market direction, with political and trade uncertainties adding to volatility. The outcome of these events could determine whether Wall Street's rally continues into year-end.
Asian Markets Mixed as Investors Await Fed Decision
Asian stocks were mixed ahead of the U.S. Federal Reserve's policy decision, with Japanese stocks near record highs after trade data showed a smaller-than-expected deficit, while markets await clues on future easing from the Fed's updated projections.
Market Outlook: Mixed Signals as Fed Rate Decisions Loom
JPMorgan traders anticipate the Federal Reserve's upcoming decision on interest rates and expect the market to react accordingly, though specific outcomes remain uncertain.
U.S. Futures Steady as Nasdaq Reaches New High and Fed Decision Looms
US stock futures are flat as the Nasdaq reaches a new high, with investors awaiting the Federal Reserve's decision, indicating cautious market sentiment ahead of upcoming monetary policy announcements.
U.S. Stocks Steady Ahead of Fed Decision Amid Earnings and Data Focus
Stock markets wavered ahead of the Federal Reserve's interest rate decision, with Nvidia rallying on a price-target hike and major earnings reports from Meta and Microsoft due after hours. The Dow was flat, while the S&P 500 and Nasdaq gained slightly, amid positive economic data and rising Treasury yields.
"Market Anticipates Fed to Cut Rates by 50 Basis Points Amid Economic Uncertainty"
The focus in the market has shifted to next week's Fed decision, with speculation on the number of rate cuts. Currently, the market anticipates a shift to a median of two rate cuts instead of three. Despite this, some analysts believe that the market may be overemphasizing the significance of the dot plot, as the Fed's decision will ultimately depend on economic data and the central bank's easing bias. The US dollar is reacting to this speculation, with EUR/USD testing weekly lows, but the true impact of the Fed's decision may not be fully realized until next week.
"Market Focus: Dow's Winning Streak and Busy Week for Earnings and Fed Decision"
U.S. stock futures were trading mixed as investors processed quarterly earnings results from major companies. The focus for the week ahead will be on the Federal Reserve's decision and statement, as well as preliminary PMIs, home sales, and consumer sentiment surveys. Companies such as Microsoft, Alphabet, Meta Platforms, Boeing, Amazon, and Chevron are scheduled to report their quarterly results.
S&P 500 Continues Bullish Trend with Fourth Winning Week.
The S&P 500 rose as investors awaited the Federal Reserve's decision on interest rates and the economy. The stock market has been volatile in recent weeks due to concerns about inflation and the Delta variant of Covid-19. The Dow Jones Industrial Average also climbed higher.
US Labor Market Weakens as Job Openings Plummet.
USD/JPY fell by 0.7% to 136.55, erasing most of the previous session's gains, due to falling U.S. bond rates following disappointing U.S. job openings data for March. The softening labor market may reduce pressure on inflation and the need to keep interest rates "high for longer" to restore price stability, which would benefit the Japanese yen. The Fed's policy decision on Wednesday will be closely watched, with expectations of a 25 basis point interest rate hike, but no consensus on what forward-guidance will look like. Technical analysis shows initial support at 135.00, followed by 133.85, while resistance lies at 136.60, 137.75/138.00, and 140.00.
S&P 500 Sector Rebounds, Investors Bet on End of Bear Market.
Healthcare has "suddenly come to life," according to Fundstrat's head of technical strategy Mark Newton, who sees a "steep ascent" in the sector's relative chart versus the S&P 500. Healthcare is the second-largest sector in the S&P 500 by market capitalization at nearly 12%, and larger than financials, making it a good sign for market bulls. Medical devices broke out as a subindustry group on Wednesday, and biotech is setting up for something similar, said the strategist. Meanwhile, stock futures are on the fence as a Fed decision nears.