Today’s market focus is on the Federal Open Market Committee (FOMC) meeting, with no expected changes to the current Fed funds rate of 3.50-3.75%. Fed Chair Jerome Powell faces scrutiny over $2.5 billion spent on Fed building renovations amid accusations from President Trump. Voting Fed governor Stephen Miran may call for a 50 bps rate cut.

In earnings news, Starbucks missed estimates but saw revenue beat in Q1, while AT&T surpassed Q4 expectations. V.F. Corp reported a significant earnings beat, but a cautious outlook led to stock decline. The Progressive and Automatic Data Processing also beat earnings estimates this morning.

After the bell, Microsoft is expected to show earnings growth, while Tesla is anticipated to have negative earnings. IBM, on the other hand, is riding an 11-quarter streak of earnings beats. The convergence of artificial intelligence and quantum computing presents significant investment opportunities for savvy investors.

To position your portfolio for the quantum computing revolution, consider investing in the stocks identified in the special report Beyond AI: The Quantum Leap in Computing Power. These stocks are poised to benefit from the advancements in quantum computing and could deliver substantial gains to early investors.

Read more at Nasdaq: Big Earnings Day Sandwich Fed’s Interest Rate Decision