The Fed’s policy decision, the “Mag 7” results and the Trump-Xi meeting will be in focus this week. Meta is expected to report strong earnings and guidance thanks to AI-driven momentum and an improving digital advertising market. Starbucks stock is trading in a vulnerable range, with technical indicators pointing to a potential decline if earnings disappoint.
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The stock market ended higher on Friday, with major indexes posting new record highs as subdued inflation data and upbeat corporate earnings lifted investor confidence.
Source: Investing.com
For the week, the 30 stocks rose 2.2%, the benchmark S&P 500 rose 1.9%, while the tech-heavy Nasdaq Composite added 2.3%. The small-cap Russell 2000 jumped 2.5%.
The blockbuster week ahead is expected to be a busy one, filled with several potentially market-moving events, including a key Federal Reserve policy meeting, as well as a flurry of results from tech heavyweights and a meeting between President Donald Trump and Chinese leader Xi Jinping.
The U.S. central bank is all but certain to cut interest rates by 25 basis points on Wednesday, with Fed Chairman Jerome Powell likely leaving the door open for another rate cut in December. There is a good chance that the Fed will also announce the end of quantitative tightening.
Source: Investing.com
Meanwhile, Wall Street’s third-quarter earnings season is in full swing, with five of the so-called “Magnificent Seven” tech stocks expected to report their latest results. , , and report Wednesday evening, while and are expected Thursday evening.
Other top companies on the agenda include , , , , , , , , , , , , , and .
As if that wasn’t enough, President Trump and Chinese President Xi are scheduled to meet Friday on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in South Korea.
Regardless of which direction the market is heading, below I highlight one stock likely to be in demand and one that could see further decline. Remember though that my deadline is just for the week…
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