Joe Mazzola

Fed policy leaders held benchmark rates unchanged as expected, but Powell encouraged investors by saying further increases are unlikely.

Today's focus turns to Washington, D.C., where the Fed's meeting is expected to end with no rate moves but possibly an update on the central bank's quantitative tightening (QT) measure. Amazon's earnings lifted shares, but Advanced Micro Devices fell after its results failed to excite investors, and competitor Nvidia is down early as well.

Mega caps and the Fed dominate this week's action on Wall Street as Amazon prepares to report this afternoon and the FOMC meeting begins. Apple and Nonfarm payrolls wait in the wings Thursday and Friday. Stocks are under pressure despite a number of solid earnings reports this morning.

Wall Street managed slight gains ahead of the open Monday following its first positive week in nearly a month. Tesla and Apple shares both turned higher on separate news, while the Japanese yen rebounded from 34-year lows.

The major U.S. indexes are on pace for a positive week after three losing weeks in a row despite a somewhat disappointing March PCE prices report. There may be relief the data weren't even worse, and yields appeared to take the news in stride. Strong earnings from Microsoft, Alphabet are in focus ahead of Fed meeting next week.

Stocks plunged this morning on weak guidance from Meta Platforms and another reminder of possible inflation stickiness. Microsoft and Alphabet report later.

] Major indexes are firm following the first two-day win streak of April for the SPX. Strong earnings from Visa, AT&T, and Texas Instruments helped, and investors anticipate robust results from Meta Platforms later today followed by Microsoft and Alphabet tomorrow. Yields rose early Wednesday, presenting a possible headwind.

Earnings season gets busy today, with more green than red on the morning's scorecard and Tesla looming later. A Treasury auction this afternoon could be worth watching for signs of demand, with yields elevated early Tuesday. The dollar and crude have eased a bit, which could help stocks.

After suffering the worst week in more than a year amid massive selling of technology shares, the major indexes appear ready to mount a comeback early Monday. However, recent rallies haven't lasted, with selling showing up each time. A big week is ahead for tech earnings, along with Tesla tomorrow and PCE inflation on Friday.

Major indexes traded near the flat line in wary action early Friday following Israel's overnight limited attack against Iran that reportedly caused little damage. Volatility and crude oil initially spiked but then erased most of their gains, while U.S. Treasuries saw some strength amid defensive trading. Netflix is down 5% after earnings, with investors focused on guidance.