U.S. stocks were wobbling ahead of Fed's rate decision as big tech reports By Investing.com

The two kicked off earnings reporting season for big tech, with Meta Platforms, Inc. expected to report later today.

Investors have driven tech stocks higher this year on the hope that the Fed was nearing the end of its interest rate increases. The Nasdaq is up 34% for the year, also fueled by the excitement over AI.will announce its decision at 14:00 ET today, and Chair Jerome Powell will hold a press conference after that, which will be live-streamed. Investors will be listening closely to what Powell says about the next few months and the Fed’s thinking heading into the fall.

An initial reading on gross domestic product for the second quarter is due out Thursday morning and the latest reading on inflation in the form of theThe next big event for the Fed is its annual meeting in Jackson Hole, Wyo., later in August.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European stocks lower; LVMH weighs ahead of Fed rate decision By Investing.com⚠️BREAKING: *EUROPEAN SHARES SINK ACROSS THE CONTINENT; FRANCE'S CAC 40 DOWN ALMOST 2% 🇪🇺🇩🇪🇫🇷🇮🇹🇳🇱🇪🇸
Source: Investingcom - 🏆 450. / 53 Read more »

Asian stocks dip before the Fed, Australia rallies on soft inflation By Investing.com⚠️BREAKING: *ASIAN STOCKS END MIXED ACROSS THE REGION AHEAD OF FED RATE DECISION; CHINA SHARES SLUMP 🇯🇵🇦🇺🇨🇳🇭🇰🇰🇷🇮🇩🇮🇳
Source: Investingcom - 🏆 450. / 53 Read more »

U.S. stocks were rising as Microsoft and Alphabet kick off tech earnings By Investing.com*U.S. STOCKS INCH HIGHER AS MICROSOFT AND ALPHABET KICK OFF TECH EARNINGS, FED MEETING BEGINS $DIA $SPY $QQQ $MSFT $GOOGL 🇺🇸🇺🇸
Source: Investingcom - 🏆 450. / 53 Read more »

Stock market news today: Stocks mixed as Fed begins 2-day meetingUS stocks trade mixed as the Fed begins its 2-day policy meeting
Source: BusinessInsider - 🏆 729. / 51 Read more »

Microsoft, Google, and the Fed the key focus in a huge week for stocksMicrosoft, Google, and the Fed are all in focus ahead of a make-or-break week for the 2023 stock-market rally
Source: BusinessInsider - 🏆 729. / 51 Read more »

Sensing end of Fed hikes, some investors return to dividend stocksSome investors are giving the shares of dividend-rich companies a second look as expectations grow that the Federal Reserve is nearing the end of a rate-hiking cycle that has lifted bond yields to their highest level in nearly two decades.
Source: Reuters - 🏆 2. / 97 Read more »