Wall Street remained largely flat as investors awaited the Federal Reserve’s decision on interest rates, expected to stay between 3.5% and 3.75%. This pause follows a hawkish tone from mid-June, making market watchers eager to parse Chair Kevin Warsh’s remarks for clues on the Fed’s next moves.
Microsoft’s earnings, anticipated at $4.21 per share, are due after the market close on July 29, with Apple’s report and conference call following the next day. These earnings are under a microscope, especially as AI spending has become a key issue for tech investors. Microsoft’s growth estimates rely heavily on its cloud business and AI integrations across platforms like Azure and Office.
Meanwhile, Bitcoin quietly climbed to nearly $65,500, hitting its highest point in two weeks. This rise coincides with more than $600 million flowing into US spot Bitcoin ETFs over five consecutive days, highlighting cryptocurrency’s role as an alternative risk asset when traditional markets hold steady.
Federal Reserve’s steady rate outlook and tech earnings reports like these often set the tone for market volatility. Investors are bracing for possible sharp moves shortly after the Fed’s announcement and Warsh’s press conference, as history suggests heightened turbulence around such events.
This content is for informational purposes only and does not constitute financial advice.
