US Stocks Rise Ahead of AI Earnings and Fed Decision

US stocks rose ahead of key events in the tech sector and monetary policy. The S&P 500 futures climbed 0.2%, while those for the Nasdaq 100 fluctuated after a recent selloff left the index on the brink of a technical correction.

Earnings from Meta Platforms Inc. and Microsoft Corp., two of the world's biggest spenders on artificial intelligence, are being closely watched as traders question whether the costly buildout of AI technology can deliver adequate returns.

A dovish signal from the Federal Reserve to hold interest rates at current levels would be 'the best outcome,' according to JPMorgan Market Intelligence. However, the team's base case is for a hawkish hold, where the Fed warns about staying vigilant on inflation.