US stock futures fall with Fed meeting, mega tech earnings on tap

Investing.com-- U.S. stock index futures retreated in evening deals on Monday as sentiment remained strained in anticipation of a Federal Reserve meeting and earnings from some of the country’s biggest companies.

Traders were reluctant to buy back into the sector, with several tech majors set to report quarterly earnings this week, beginning with Microsoft Corporation (NASDAQ:While the firm is set to clock strong growth in earnings on the back of more artificial intelligence products, investors will be watching for any increased expenditure, and whether AI demand appeared to be sufficiently boosting earnings.

But any signals on when the bank plans to begin cutting rates will be closely watched, given encouraging signs from inflation and positive comments from Fed officials in recent months.Scan QR code to install app

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