(Bloomberg) — Stocks rose ahead of major central bank decisions, key economic data and earnings from four megacaps worth nearly $10 trillion.
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Almost 300 shares in the S&P 500 gained. Following a rotation that drove the Nasdaq 100 to the brink of a correction, big tech climbed — while small caps got hit. Results from Microsoft Corp., Meta Platforms Inc., Apple Inc. and Amazon.com Inc. will be crucial after an underwhelming start of the megacap reporting season. Federal Reserve officials are on the verge of lowering rates within months, a move Jerome Powell may signal Wednesday.
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“The Fed and tech earnings will have the spotlight for the week,” said Paul Nolte at Murphy & Sylvest Wealth Management. “The future direction of interest rates should be clearer after the press conference. Big tech can answer whether investor’s expectations for still…
