Megacap earnings and Fed meeting set to shape markets next week

A busy week for U.S. markets is ahead, with major earnings reports and a Federal Reserve decision likely to influence trading sentiment. Amazon, Meta Platforms, Microsoft, Apple, and Qualcomm are among the biggest companies scheduled to report, giving investors fresh signals on AI spending, cash flow, and the outlook for large technology stocks. The article says recent results from Alphabet added pressure to megacap shares, while semiconductor stocks have held up better as investors weigh the pace of AI investment. Market participants are also watching the Fed meeting on Wednesday, with futures pricing in some odds of an interest rate move, though many on Wall Street still expect action later in the year. The report also notes broader market concerns, including renewed tension in the Middle East, higher oil prices, and inflation signals in bond markets. Several economic releases are due during the week, including durable goods orders, consumer confidence, GDP data, and the Fed’s preferred inflation measure, the core PCE index.