The U.S. stock market is set for a pivotal week as investors brace for the Federal Reserve's latest policy decision and a flood of corporate earnings, particularly from technology giants driving the artificial intelligence (AI) boom. According to Reuters, the outcome of the Fed meeting and quarterly results from major AI-focused companies are likely to determine the near-term direction of Wall Street after a volatile week.
U.S. equities ended lower last week, weighed down by sharp declines in Alphabet and Tesla after their earnings reports. Alphabet's results unsettled investors after the Google parent announced another increase in its already substantial AI spending, raising fresh questions about whether technology companies can generate adequate returns on their massive investments in artificial intelligence.
