Today on Wall Street, the Fed decided to keep rates steady, with market indexes closing flat: Dow +0.025%, S&P 500 -0.01%, Nasdaq +0.17%, and Russell 2000 -0.49%. In earnings news, Microsoft beat estimates with $4.14 EPS on $81.27B revenue, Meta Platforms posted $8.88 EPS on $59.89B revenue, and Tesla reported earnings of 50 cents per share.

The Fed’s decision to maintain rates between 3.50-3.75% was expected, with no changes from the prior three cuts of 25 bps. Despite two dissenting votes, the Fed sees the economy on solid footing for 2026. Microsoft’s earnings report showed growth in cloud and AI, with a significant increase in Remaining Performance Obligations (RPO) related to OpenAI.

Meta Platforms also reported strong earnings, surpassing estimates and raising guidance for future capex. Tesla posted mixed results, with earnings slightly above estimates but revenues falling short. Quantum computing stocks are expected to soar, presenting investment opportunities in the AI and technology sectors. Investors can access a special report on quantum computing stocks for potential gains.

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