Tech giants expected to provide insight into AI spending and potential impact on related stocks.

From Investor’s Business Daily: 2024-07-28 20:46:02

Dow Jones futures for Apple, Microsoft, Meta and Amazon signals a strong week ahead for earnings. The Federal Reserve is expected to hint at rate cuts coming soon. The stock market rallied last week, with small caps rising, but tech giants like Tesla and Google-parent Alphabet struggled after earnings. Apple, Microsoft, Meta, and Amazon will provide insight into AI spending and monetization, with potential impact on Nvidia, Arm Holdings, and Arista Networks. Investors should focus on non-tech sectors for buying opportunities and prepare for potential market fluctuations based on Fed meeting outcomes and tech earnings.



Read more at Investor’s Business Daily: Dow Jones Futures Rise; Fed Pivot, Tech Giants’ AI Comments Loom