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U.S. stocks face an earnings peak and the Federal Reserve policy meeting next week,AI putting the market to the test

PANews October 24 reported, citing Reuters, that U.S. stocks will see the most concentrated 1 week of this earnings season, with approximately one-third of S&P 500 constituents set to report results. Alphabet and Microsoft will release earnings on Wednesday, and Amazon on Thursday. The market is focused on the companies’ capital expenditure guidance and AI returns on investment. Capital expenditures by hyperscale cloud providers are expected to total approximately 800000000000 USD this year. The Federal Reserve will announce its interest-rate decision on Wednesday. Futures indicate that the probability of a rate hike at this meeting is less than 10%,December, while the probability of a rate hike is approximately 80%. Earlier, earnings reports from Meta and Lam Research disappointed investors, and the Nasdaq recorded its largest single-day decline since June.

Source: https://www.panewslab.com/zh/articles/01a16dd4-cac3-72e8-a1f4-da46fe9f7ccc