As the Dow Jones Industrial Average dropped 260 points on Monday, Dow Jones futures were up in after-hours trade. The US Federal Reserve meeting and significant earnings reports from Amazon (AMZN), Apple (AAPL), Alphabet (GOOGL), and meta platforms set the tone for the coming week (META).
Beginning on Tuesday, the Fed will have its two-day meeting. It is widely anticipated that the Fed will raise interest rates by 25 basis points, to a range of 4.5% to 4.75%. Investors assign a 99% chance to this big rise based on the FedWatch tool from the CME.
After announcing its fourth-quarter earnings late on Monday, Apple supplier NXP Semiconductors (NXPI) saw a 4.5% fall in extended trade.
Alphabet, Amazon, and Apple’s profits will be revealed on Thursday after the market close, while Meta’s earnings will be released late on Wednesday. Exxon Mobile (XOM), Starbucks, Modern Micro Devices (AMD), and Dow Jones Member Note (MRK) also reported noteworthy earnings this week (SBU).
General Motors (GM) and the manufacturer Ford (F) are also expected to report. On Monday, Dow Jones futures rose in after-hours trading despite the Dow Jones Industrial Average losing 260 points. The tone for the upcoming week is established by the US Federal Reserve meeting, important earnings releases from Alphabet (GOOGL), Apple (AAPL), Amazon (AMZN), and meta platforms (META).
The two-day meeting of the Fed will start on Tuesday. Interest rates are expected to increase by 25 basis points, to a range of 4.5% to 4.75%, as announced by the Fed. Based on the FedWatch tool from the Federal Reserve, investors give this significant increase a 99% chance.
