This week, reports have focused on the Federal Reserve's interest-rate decision and GDP and PCE data releases, along with earnings from large companies including Alphabet and Microsoft, Apple's product announcement event, and Oracle's opening of AI World.
The Federal Reserve's interest-rate decision and economic developments leading up to it will be in focus this week. The market view is increasingly that a 25-basis-point rate hike is unlikely, and the chair's press conference is also scheduled. On Thursday, the preliminary third-quarter GDP figure, forecast to show 3.0% annualized growth, and October core PCE will be released, providing a fuller picture of economic conditions.
Earnings announcements from major technology companies will also be a focus. Alphabet and Microsoft are scheduled to report on Wednesday, while Amazon will report on Thursday. Market attention is likely to center on indicators including AI-related spending, cloud-business growth and return on investment (ROI) in data-center investments.
As for corporate events, Apple is scheduled to hold a product announcement event on Wednesday, while Oracle will open its AI World conference in Las Vegas on Sunday.