Tech giants like Tesla (TSLA), Meta Platforms (META), Apple (AAPL), and Microsoft (MSFT) are set to report their quarterly earnings this week. The Federal Reserve’s January FOMC meeting is also this week, and while Jerome Powell is not expected to adjust interest rates, Fed commentary will be crucial to follow.
Tech names are entering earnings on a mixed note. Both Tesla and Apple are in the correction zone after having fallen over 10% from their recent highs. Microsoft hasn’t been able to revisit its all-time highs since July, and Nvidia (NVDA) started the week down more than 10%.