Stocks Set to Open Mixed as Investors Await Fed Meeting and Big Tech Earnings

From Nasdaq:

Stock futures are mixed as investors prepare for the Federal Reserve’s meeting, tech earnings, and the U.S. jobs report. Last week, Wall Street closed mixed, as Intel and KLA Corp fell, while American Express rose. U.S. economic data was positive, and the Fed is anticipated to hold interest rates steady but may cut rates in the future. Earnings reports this week include Microsoft, Apple, and Amazon. Biden’s administration plans subsidies for semiconductor companies. European markets are down, and the ECB suggests potential interest rate cuts, while Asian markets settle mixed. Notable pre-market movers include McGrath RentCorp, American Airlines, Warner Bros Discovery, Beam Therapeutics, and ZIM Integrated Shipping Services.



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