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Wall Street’s week ahead: U.S. stocks face tests from Fed decision, tech-led earnings deluge

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Center: 3 (Channel NewsAsia, Investing.com — News, The Globe and Mail); Wire (factual): 1 (Google News).
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Wall Street’s week ahead: U.S. stocks face tests from Fed decision, tech-led earnings deluge
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Major equity indexes were on track for weekly declines, dragged down on Thursday by steep slides in Alphabet Inc. and Tesla Inc. following their quarterly reports. The fallout for Google Inc. parent Alphabet Inc., sparked in part by an increase in its already massive AI spending plans, set a negative tone ahead of results next week from other AI “hyperscalers”: Microsoft, Amazon.com Inc. and Meta Platforms. AI-related stocks have been at the heart of equity market gains this year, helping drive the bull market near to its fourth year.

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The Globe and Mail publishes from Canada and files mainly under world. We currently carry 1,768 of its stories.

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The Globe and Mail
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ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountA wobbly U.S. stock market will take its cues in the coming week from a Federal Reserve meeting set to shed light on the path for interest rates, and from a packed slate of corporate earnings led by technology companies and heavyweights in artificial intelligence. Major equity indexes were on track for weekly declines, dragged down on Thursday by steep slides in Alphabet Inc. and Tesla Inc. following their quarterly reports. The fallout for Google Inc. parent Alphabet Inc., sparked in part by an increase in its already massive AI spending plans, set a negative tone ahead of results next week from other AI “hyperscalers”: Microsoft, Amazon.com Inc. and Meta Platforms.

Excerpt limited to ~120 words for fair-use compliance. The full article is at The Globe and Mail.

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