Markets Drop on Inflation Worries; Investor Focus Turns to Fed Meeting, Earnings Reports
• Markets closed lower last week due to higher-than-expected inflation data and declining tech stocks; Investors await Fed policy meeting next week for rate cut outlook
• Inflation pressures seem persistent; Core PCE data out March 29 could sway Fed's stance
• Adobe stock fell on weaker guidance despite earnings beat; Tesla plunged to 10-month low
• Oracle posted strong earnings with robust cloud demand; Big cloud infrastructure deal with Nvidia hinted
• Key earnings reports next week Micron, FedEx, Nike; Multiple dividend payouts also on calendar