"Dow Jones Gains Ahead of Fed Meeting and Earnings; Tesla Stock Faces Downgrade"

The Dow Jones, S&P 500, and Nasdaq composite rose ahead of the Federal Reserve meeting and a wave of earnings reports from major companies like Microsoft, Google parent Alphabet, and Meta Platforms. Tesla was downgraded as it increased discounts, while Apple and Nvidia received price target hikes. Chevron reported better-than-expected second-quarter earnings, and Domino's reported mixed results. Cadence Design Systems will report earnings, impacting rival Synopsys. Trucking firm Yellow reached a labor deal, but XPO Logistics and other trucking firms fell. The Fed is expected to raise rates by a quarter point, but the outlook for future rate hikes remains uncertain.