Market Update: Earnings Season Continues with Federal Reserve Decision Looming

Strategic Insights -

As investors await the Federal Reserve meeting decision, the market continues to move with Google parent, Meta Platforms, and Boeing among the big earnings movers. The S&P 500 hit a fresh 15-month high and the Dow Jones extended its win streak to 12 sessions, while the Nasdaq approaches its rally highs.

Key Takeaways:

  • Microsoft stock fell almost 4% after the company expects higher spending on artificial intelligence and "gradual" AI revenue growth.
  • Google stock jumped 17% and broke out of a base, with revenue up 7% and cloud computing revenue rising 28% to $8.03 billion.
  • Meta stock rose more than 1% on Google's results and comments, with management expressing continued confidence in melding AI and search ads.
  • Boeing stock rose more than 5% and broke out of a base as the Dow aerospace giant reported a smaller-than-expected second-quarter loss, revenue rose solidly and free cash flow easily beat.
  • Visa stock fell 1% after the Dow payments leader narrowly beat quarterly views, but is still in a buy range.
  • MSFT stock had a buy point of 223.91, while GOOGL stock has a 127.10 buy point from a consolidation.
  • The Dow Jones just edged lower while the S&P 500 lost 0.2% and the Nasdaq fell 0.1%, with Microsoft, Boeing, Coca-Cola, and Visa stock among the Dow Jones components.
  • The 10-year Treasury yield edged down to 3.88% and crude oil futures edged lower, while copper prices slipped after big gains in the past few days.

Statistics:

  • Microsoft stock fell 4% after earnings.
  • Google stock jumped 17% and broke out of a base.
  • Meta stock rose 1% on Google's results and comments.
  • Boeing stock rose 5% and broke out of a base.
  • Visa stock fell 1% after narrowly beating quarterly views.
  • MSFT stock had a buy point of $223.91.
  • GOOGL stock has a 127.10 buy point from a consolidation.
  • The Dow Jones just edged lower, down 0.1%.
  • The S&P 500 lost 0.2%.
  • The Nasdaq fell 0.1%.
  • The 10-year Treasury yield edged down to 3.88%.
  • Crude oil futures edged lower.
  • Copper prices slipped after big gains in the past few days.

Sources:

  • [No sources provided in the original text.