Stocks Inch Higher as Big Tech Earnings and Powell’s Last Fed Meeting Take Center Stage

U.S. stock futures ticked higher Wednesday as investors gear up for a double-header: a flood of “Magnificent Seven” earnings and what could be Jerome Powell’s final Federal Reserve meeting as chair.

• S&P 500 futures +0.2%
• Nasdaq 100 futures +0.4%
• Dow futures +0.2%

On Tuesday, tech stocks led a pullback after a report said OpenAI missed internal growth targets, dragging down Oracle, Broadcom, and Nvidia.

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Now, all eyes are on Alphabet, Amazon, Meta, and Microsoft — all reporting after the closing bell. The big question: Is all that AI spending finally paying off?

Meanwhile, the Fed is expected to hold rates steady today. But the real drama? This could be Powell’s final policy meeting before his term ends in May.

Also making moves: Storage stocks like Seagate and Western Digital jumped after hours on strong AI-driven demand. Gold steadied after a two-day drop as Hormuz tensions keep inflation fears alive.

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