The stock market in Wall Street has been holding steady ahead of a massive week. The S&P 500, the Dow, and the Nasdaq composite were little changed in early trading on Monday. Big Tech stocks are the main reason the S&P 500 has soared to a record high since two autumns ago. Seven of them have been responsible for the majority of the index’s returns over that time, and five of those will report their latest results this week: Apple, Alphabet, Amazon, Meta Platforms, and Microsoft.
The U.S. Federal Reserve is scheduled to announce its monetary policy on Wednesday, with traders not anticipating a rate cut. This week will also bring another trove of corporate earnings, including the biggest technology companies in the world.
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