Markets Pause, Eyes on Tech Earnings & Fed Meeting

0:00On April 27, major U.S. stock indexes posted small moves Monday in quiet trading, as investors paused after last week's record highs for the S&P. 500 in NASDAQ, the S&P 500 edged up 9 points or 0.12% to 7174. The NASDAQ climbed 50 points or 0.20% to 24,086. The Dow dip 58 points or 0.12% to 49,173. This week ramps up with first quarter earnings from heavy hitters like Amazon, Alphabet, Meta, Apple, and Microsoft 5 of the so-called Magnificent 7-Tech Giants. Investors want to see if their huge bets on artificial intelligence are paying off yet. So far, 81% of S&P 500 companies reporting have topped estimates with overall earnings growth now pegged at 16.1% year over year. Traders are catching their breath, digesting those fresh all-time highs and weighing if

1:03they're solid. Geo-political heat from the Middle East is adding bumps, too, with Iran still choking shipments through the Strait of Hormuz and demanding the U.S. end. It's blockade before more talks. Tuesday brings the Federal Reserve's two-day meeting where they're expected to keep interest rates steady. This will be on their statement and Jerome Powell's press conference for hints on the economy and how rising energy costs from U.S.-Israeli tensions. With Iran, my fuel inflation, Verizon jumped on a raised full-year outlook from strong subscriber growth while Domino's pizza dropped after missing sales targets. Nvidia kept rallying, pushing its market value back above $5 trillion. Keep watching these earnings and the Fed for the next market moves. I'm Corey with The Story and you've been listening to U.S. News Today, AI-powered National Coverage.