Stock markets rose on Monday, kicking off a new week of earnings reports. Starting Tuesday, investors will need to pay close attention to major technology companies, as well as the Federal Reserve's final interest rate decision on Wednesday.
Microsoft, Alphabet, and Meta Platforms are set to release their financial reports this week. Due to optimism about the prospects for artificial intelligence, technology stocks have soared. However, these companies will also provide updates on cloud computing and digital advertising trends, with Meta possibly sharing the latest developments on its new social media platform, Threads, which is a strong competitor to Twitter.
The Federal Reserve is expected to raise interest rates again by 0.25 percentage points, but investors will look for clues about the future direction of interest rate policy based on Chairman Jerome Powell's comments at the press conference. Since inflation data shows prices are falling, it remains a question whether the futures market will see another rate hike this year.
The report on Gross Domestic Product for the second quarter will be released on Thursday, and the latest data on the Federal Reserve's preferred inflation metric, the Personal Consumption Expenditures Index, will be released on Friday.
The following could be three key factors influencing tomorrow's trading market:
Microsoft's earnings: The software giant Microsoft Corporation (NASDAQ:MSFT) is expected to report earnings of $2.55 per share, with revenue at $54 billion.
Alphabet's financial report: Google's parent company Alphabet Inc. (NASDAQ:GOOG) is projected to earn $1.34 per share, with revenue at $72.8 billion.
Visa's earnings: The payment titan Visa Inc A shares (NYSE:V) are expected to earn $2.11 per share, with revenue at $8.1 billion.
