Kholida Qothrunnada
Kholida Qothrunnada
Microsoft and Meta report earnings after the close tonight, right as the Fed delivers its rate decision. Wall Street is bracing for a decisive session.
Tonight is the busiest session of the week. Two tech giants report at the same time as the US central bank's rate decision.
Microsoft and Meta both report after the US close. They are two of the four mega-caps reporting this week, and their results could set the direction for the tech sector.
At the same time, the Fed announces its rate decision this afternoon US time. The mix of megacap earnings and a macro catalyst makes tonight rich with potential moves.
| Stock | Movement | What to Watch |
|---|---|---|
| MSFT | Reports after the close | Fiscal Q4, est. EPS around $4.22; focus on Azure and AI cloud growth plus FY27 capex |
| META | Reports after the close | Q2 earnings, est. EPS around $7.20; capex guidance ($125-145B) and operating margin |
| NVDA | AI bellwether | Reaction to AI capex commentary from Microsoft and Meta tonight |
| AMD | Chip sector still under pressure | SK Hynix posts record profit on AI-memory demand, against a fourth straight day of semis weakness |
Microsoft (MSFT) reports after the close with est. EPS around $4.22 on revenue near $87.5B. The market is watching Azure and AI cloud growth plus capital-spending plans for fiscal 2027. Meta (META) follows with est. EPS around $7.20. The focus is on capex guidance that could reach $125-145B a year and operating-margin discipline.
The Federal Reserve delivers its rate decision this afternoon US time. Oil and gold eased while bond yields fell into the announcement. Markets are inclined to hold back risk until the central bank's policy direction is clear.
Nvidia (NVDA) remains the AI bellwether and will react to capex commentary from Microsoft and Meta. AMD (AMD) trades amid mixed signals. SK Hynix posted record profit on AI-memory demand, yet semiconductor stocks have already weakened four sessions in a row.
The prior session split sharply. The Dow jumped 537 points (+1.03%) on a rotation into non-tech names, while the Nasdaq fell 0.22% under chip-stock weakness. Into tonight's decisive session, watch whether risk appetite holds or investors wait for the earnings and the Fed.
All attention is on two events today. The Fed is widely expected to hold rates, so positioning is cautious into the announcement. Oil pulled back after signs of de-escalation with Iran, and the 10-year Treasury yield sits near a one-week low.
Tonight combines two big catalysts at once: earnings from two tech giants and a rate decision. Microsoft's and Meta's results could give tech sentiment a new direction, while the Fed's tone sets the broader risk appetite.
For investors, it is a good time to watch the list closely before the outcomes land. What stocks are you watching tonight?
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