From Nasdaq:

In a clear sign that the Federal Reserve is shifting towards a rate cut, the personal consumption expenditures price index (excluding food and energy) rose just 0.2% in December, below economist forecasts. Core inflation is now at its lowest point since March 2021. The market expects a rate cut in the first quarter, with the Fedwatch tracker pricing in a 70% probability of a cut in March.

The Dow Jones Industrial Average rose 0.16% despite a 12% decline in Intel shares. American Express gained after a stronger-than-expected guidance and dividend boost. The S&P 500 lost 0.07%, while the Nasdaq Composite dropped 0.36%. Despite Friday’s mixed results, the Nasdaq ended the week 1.36% higher.

Alphabet reports after the close on Tuesday; Wall Street expects it to earn $1.59 per share on $85.28 billion in revenue. The stock has risen 60% over the past year, boosted by growth prospects in advertising and AI. Google’s latest large language model, Gemini, aims to capitalize on the growing generative AI market and could be the future of Google.

Microsoft expects to earn $2.78 per share on $61.1 billion in revenue. Shares have surged 70%, driven by advances in generative AI and Copilot, which leverages AI to enhance its productivity software suite. Q1 revenues beat expectations, growing 13% year over year. The company’s earnings guidance will gauge its long-term growth potential.

Amazon reports after the close on Thursday; Wall Street expects the company to earn 80 cents per share on $166.15 billion in revenue. With a gain of 22% in six months, Amazon’s cost-cutting initiatives have yielded impressive results. The company’s diversification efforts have paid off, with revenue growth in third-party merchant services and non-goods services.



Read more: Earnings To Watch (AMZN, AAPL, GOOG, META, MSFT)