US stock futures steady after Wall St logs record peak; Fed decision awaited By Investing.com
Update: 2025-10-29
Description
U.S. stocks surged on October 29th, driven by positive corporate earnings and anticipation of the Federal Reserve's decision. The Dow, S&P 500, and Nasdaq all gained, with record highs set the previous day. Investors are eagerly awaiting the Fed's statement on the economy and potential changes to monetary policy, including a possible end to quantitative tightening. Global markets are also buoyed by the upcoming Trump-Xi meeting, which could impact international trade and tech companies. Tech giants like Microsoft, Meta, and Alphabet are set to report earnings, while Nvidia is making headlines as it nears a five trillion dollar valuation. Verizon and Caterpillar posted strong results, but Kraft Heinz lowered its forecasts due to weak demand. Oil prices stabilized following a report of decreased inventories.
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