Key Takeaways
- • Tech stocks surged during the week ahead of the Federal Reserve's Wednesday policy meeting, with markets anticipating no change to the benchmark U.S. interest rate, according to the Associated Press.
- • The rally is being fueled by easy access to credit, per the AP report.
- • Hyperscalers Microsoft and Alphabet are scheduled to report quarterly earnings after the bell, with Amazon and Intel following on Thursday.
Summary
Tech stocks have surged this week ahead of Wednesday's meeting of the U.S. Federal Reserve, according to an Associated Press report datelined Hong Kong. Markets are anticipating no change to the benchmark U.S. interest rate, though the AP notes that the hold is expected "at least not yet."
The AP attributes the rapid-growth tech sector's momentum to easy access to credit. The rally comes at a time when investors are focused on the earnings calendar for the largest technology companies. Hyperscalers Microsoft and Alphabet are set to post quarterly results after the market close, while Amazon and Intel are scheduled to release earnings on Thursday.
The primary source is brief and does not provide specific index levels, percentage gains, or rate-path forecasts from the Fed, so the outlook for the meeting outcome and the earnings reports rests on the market expectations described in the article.
The AP attributes the rapid-growth tech sector's momentum to easy access to credit. The rally comes at a time when investors are focused on the earnings calendar for the largest technology companies. Hyperscalers Microsoft and Alphabet are set to post quarterly results after the market close, while Amazon and Intel are scheduled to release earnings on Thursday.
The primary source is brief and does not provide specific index levels, percentage gains, or rate-path forecasts from the Fed, so the outlook for the meeting outcome and the earnings reports rests on the market expectations described in the article.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.