Fed Meeting, Tech Earnings, and Inflation Data Set for Market's Next Move

This week, investors will be closely watching key events that could shape the US stock market. The Federal Reserve's July meeting is one of the most anticipated events, as it may provide clarity on interest rates and inflation concerns. Rising oil prices and geopolitical tensions have raised fears of higher inflation, which could lead to a 'higher-for-longer' interest rate policy.

Major tech earnings from companies like Microsoft (MSFT), Meta, Apple, and Amazon are also set to take center stage. Despite recent market dips, major indexes remain above their 52-week averages, indicating a long-term uptrend.

The S&P 500 earnings yield has reached its highest level since late March 2026 at 5.03%, which could signal a potential rally ahead. Additionally, the price-to-earnings ratio is below 20, suggesting that investors are getting a good value for their money.