Stock market news today shows the S&P 500 and Nasdaq gaining to start off what is expected to be a busy week for markets. The Dow slipped, but investors are keeping an eye on upcoming earnings reports from companies like Microsoft, Apple, and Meta. The Federal Reserve is also set to meet, and the price of Bitcoin remains a point of interest.
Momentum traders who are still long on the S&P 500 and NASDAQ 100 may be starting to sell gradually, according to BofA. As Big Tech earnings are on the horizon, the Nasdaq 100 is teetering on the edge of a correction.
Despite some fluctuations, the Nasdaq, S&P 500, and Dow are trading higher as investors await the Fed’s decision and the release of key tech company earnings. The prospect of these results is driving the market higher.
Looking ahead, the focus will be on Big Tech earnings and the outcome of the Federal Open Market Committee meeting. The Dow Jones, Nasdaq, and S&P 500 are all expected to be influenced by these events in the coming week.