Channel NewsAsia
AsiaPac · 1 hrs ago
US stocks face tests from Fed decision, tech-led earnings deluge
NEW YORK, July 24 : A wobbly U.S. stock market will take its cues in the coming week from a Federal Reserve meeting set to shed light on the path for interest rates, and from a packed slate of corporate earnings led by technology companies and heavyweights in artificial intelligence.Major equity indexes were on track for weekly declines, dragged down on Thursday by steep slides in Alphabet and Tesla following their quarterly reports.The fallout for Google parent Alphabet, sparked in part by an increase in its already massive AI spending plans, set a negative tone ahead of results next week from other AI "hyperscalers": Microsoft, Amazon and Meta Platforms.AI-related stocks have been at the heart of equity market gains this year, helping drive the bull market near to its fourth year. Despit
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