Posted 1/28/2024, 5:01:00 PM
Fed Policy, Jobs Data, Tech Earnings to Steer Markets in Busy Week Ahead
- Federal Reserve monetary policy meeting, jobs data, and big tech earnings reports will drive markets in the week ahead.
- Markets expect rate cuts this year, but Fed Chair Powell may push back on overly dovish expectations.
- January employment report on Friday is pivotal, with signs of labor market weakness potentially spurring rate cut hopes.
- Five of the "Magnificent Seven" mega-cap tech stocks report earnings next week.
- These big tech stocks are expected to drive S&P 500 earnings higher, while the index overall sees a modest decline.