Nasdaq 100 futures surged 1.2% on Sunday night, with Dow Jones Industrial Average futures rising 294 points (0.6%) and S&P 500 futures gaining 0.7%, as investors braced for a busy week of megacap earnings and a Federal Reserve meeting. Major technology companies including Amazon, Apple, Meta Platforms and Microsoft will report quarterly results after Alphabet’s disappointing earnings raised concerns about AI spending. The Fed will announce its interest rate decision on Wednesday, with markets pricing in a meaningful chance of a 25 basis point hike as early as this week, despite the consensus view favoring a September move. The U.S. 10-year Treasury yield stood around 4.68% and Brent crude futures hovered near $97 per barrel, as geopolitical tensions escalated after Ukraine struck an Iranian commercial vessel in the Caspian Sea.
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