Overview
- Microsoft, Meta and Tesla report after Wednesday’s close, with Apple due Thursday after the bell.
- Markets widely expect the Fed to hold rates at 3.50%–3.75%, with CME FedWatch showing roughly a 97% probability of no change.
- Investor focus centers on AI and cloud monetization, with scrutiny on Azure growth and margins at Microsoft, ad and engagement gains at Meta, Tesla’s profitability and product timelines, and Apple’s product cycle and cost pressures.
- The week’s reporters account for a large slice of major indices, raising the stakes for market breadth and volatility depending on guidance.
- Policy uncertainty lingers as the DOJ’s activity involving Chair Jerome Powell and public speculation over his successor—where Polymarket odds lean toward Rick Rieder—hang over Wednesday’s Fed press conference.