Wall Street Eyes FOMC Decision and Big Tech Earnings This Week Amid Geopolitical Tensions

INTC-7.90%
MSFT0.06%
META-1.78%
AMZN-0.64%
According to Yonhapnews, Wall Street's focus this week centers on the Federal Open Market Committee (FOMC) meeting and major technology companies' second-quarter earnings as tensions between the U.S. and Iran escalate. Last week, major indices declined: Nasdaq Composite fell 2.13%, S&P 500 dropped 0.61%, and Dow Jones Industrial Average slid 0.38%, while the Philadelphia Semiconductor Index lost 4.25% on its final trading day despite mid-week gains. Despite strong earnings from Alphabet and Intel, both stocks tumbled as markets grew anxious over excessive capital expenditure forecasts and mounting datacenter investments. The FOMC will hold its policy decision on July 29, while Microsoft, Meta, Apple, and Amazon release earnings on July 29–30. Rising oil prices due to Middle East tensions and uncertainty around new Fed Chair Kevin Warsh's communication strategy add volatility to market expectations.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments