Markets hold steady ahead of megacap earnings and Fed decision
Futures were little changed after a choppy session as traders brace for a week of megacap earnings (Amazon, Meta, Microsoft, Apple) and a Federal Reserve rate decision. The Dow rose for a second day while the Nasdaq declined on semiconductor weakness, and oil prices paused with Brent under $90 as tension in the Middle East eased. Investors await guidance on the Fed’s path, with talk of balance-sheet shrinkage potentially paving the way for future rate cuts. After-hours movers included Cadence Design Systems and Rambus, while Universal Health Services cut guidance and Williams-Sonoma drew analyst interest on an initiation.
