This week brings a heavy earnings slate: Alphabet and Microsoft report after the close on Wednesday and Amazon on Thursday, with investors focused on cloud performance, AI monetization and capital expenditure. Fiscal.ai data show expected quarterly EPS of $3 on $127.83 billion in revenue for Alphabet, $4.72 on $90.75 billion for Microsoft, $1.96 on $202.2 billion for Amazon, and $0.4 on $16.47 billion for Intel. The Fed is widely expected to keep its benchmark rate at 3.75%-4% after September's 25-basis-point hike, with CME FedWatch showing 90% odds of no change. The September PCE report, due Thursday, is expected to show a 0.5% seasonally adjusted monthly rise (core 0.3%) and 3.7% annual growth (core 3.1%).
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
earningsFedinflationinterest rates
Open a keyword to see other news on the same topic.
Related tickers and likely impact
DXY
• NeutralRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/23/2026 | 101.74 |
| Change that session | +0.11% |
QQQ
• NeutralInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 704.39 |
| Change that session | -0.01% |
SPY
• NeutralSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 759.85 |
| Change that session | -0.54% |
AMZN
• NeutralAmazon
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.7T |
| Close on 10/23/2026 | 248.04 |
| Change that session | -0.93% |
GOOGL
• NeutralAlphabet Inc. (Class A)
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $4.0T |
| Close on 10/23/2026 | 320.25 |
| Change that session | -1.22% |
MSFT
• NeutralMicrosoft
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Systems Software |
| Market cap | $3.9T |
| Close on 10/23/2026 | 524.53 |
| Change that session | +0.66% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Inflation , earnings reports and the mood of consumers and the Federal Reserve fill out a busy week
This week brings a busy slate of data on inflation, corporate earnings, consumer confidence and the Federal Reserve, just weeks before the Nov. 3 midterm elections. Consumer confidence fell in September to its lowest level in more than a decade and is expected to keep weakening in October as higher gas and grocery prices squeeze budgets. The Fed is expected to hold its benchmark rate steady after a hike in September, though it remains worried about inflation, and Wall Street still expects one more hike in December. Third-quarter GDP is forecast to rise 1.7%, slower than 2.2% in the second quarter. The PCE inflation gauge, the Fed's preferred measure, is expected to jump to 3.7% from 3.4% in August, as the U.S. war with Iran squeezes global oil supplies.
- Stocks rebound into key tech earnings: Three things to know in Bitcoin this week
Bitcoin started the week near $82,000 as stock markets attempted a tentative rebound after last week's tech-led selloff that began in South Korea, where KOSPI gained about 1.8% on Monday. Analysts expect bitcoin to retest $80,000 support after a weekly close below key local support, when the Coinbase Premium Index hit -0.14, its lowest level since late June. About 15% of S&P 500 companies report third-quarter earnings this week, including SpaceX, Tesla and Meta. Markets see 85% odds that the Federal Reserve keeps rates in the 3.75%-4.00% range at its October 28 meeting, and 75% odds of one 25-basis-point hike by year-end after two further hikes were priced out. Persistent inflation remains a concern, with September CPI at 3.7% year-on-year and PPI up 1.7% month-on-month, keeping tighter policy in view.
- Maybe inflation isn't such a big problem after all
Inflation is a major issue in the election and markets, yet third-quarter results from the big banks show little effect on their profits so far. The August CPI rose, with inflation at a 3.7% annual rate, fueling talk that the Fed may be forced to raise rates at its FOMC meeting in a couple of weeks. Citi's wealth division saw client balances rise 9% year over year to $1.4 trillion, with revenue up 15% and income up 93%, while Wells Fargo grew on new credit cards and auto loans and JPMorgan earned $15 billion. However, banks using AI agents face competition for deposits and legal liability under consumer-protection laws if their chatbots act improperly.
- What to make of September CPI and the latest wave of bank earnings
Yahoo Finance's Brian Sozzi weighed in on September CPI, which rose 3.7% from 3.4% in August, while core prices rose 2.6% from 2.4%; stocks initially gained before the market turned to talk of more Fed rate hikes. He argued the data is not new, since the Fed had signaled in September it may not be done hiking and energy prices remain elevated. Goldman Sachs economists think AI-driven inflation is near a peak because memory chip prices may fall in 2027, which would help the economy but hurt Micron and Sandisk. Bank of America's earnings were weaker than expected, mainly due to stock trading, and its shares fell sharply. According to the Wall Street Journal, Netflix is cutting about 6% of its staff, its biggest cut since 2022, and its upcoming earnings call may address a possible dividend.
- Prediction: A Stock Market Crash Is Coming. Here's What Investors Should Do Based on Warren Buffett's Advice.
The article argues the market faces mounting risks: neocloud companies running AI data centers are finding it harder to get affordable funding, and rising oil prices are fueling inflation. West Texas Intermediate crude is up 72% this year to $98 a barrel, and September's CPI rose at an annualized 3.7%, well above the Fed's 2% target. The Fed raised the federal funds rate by 25 basis points in September, and Chair Kevin Warsh warned more hikes could come; during the March 2022 to August 2023 hiking cycle, the S&P 500 fell 20% in a bear market. The S&P 500's Shiller CAPE ratio stands at 40.9, just below the 44.2 peak of the 2000 dot-com bubble. The article also recounts Warren Buffett's approach as CEO of Berkshire Hathaway from 1965 to 2025: buying aggressively in downturns and treating a price drop in a healthy business as an opportunity, with $500 invested in Berkshire when he took over growing to $24 million, versus $199,851 in the S&P 500.
- America farmers are flashing warning signals about inflation , and the Fed is paying attention . Protect yourself now
Farmers are signaling inflation pressures, according to Austan Goolsbee, president of the Federal Reserve Bank of Chicago, after a trip to rural Illinois. Farmer Troy Uphoff said diesel costs roughly 80% more than a year ago, seed and fertilizer prices have also risen, and crop prices have fallen mainly due to tariffs, leaving many growers with little profit. Goolsbee said the pressure comes from costs rather than falling demand, calling it a central bank's nightmare because stagflationary shocks offer no obvious playbook. The CPI rose 3.7% over the 12 months to September, up from 3.4% in August, after the Fed raised its benchmark rate to 3.75%–4.00% on Sept. 16. Markets expect the Fed to hold rates at its October meeting but raise them by another quarter point in December.
Related markets
Latest news
- 2 Quantum Computing Stocks That Could Help Make You a Fortune
The author argues quantum computing could become a major growth market once two hurdles are cleared: building systems at scale and making them reliably accurate. The article names IonQ as the current pure-play leader, citing its world record on one accuracy measure and a planned 256-qubit system next year. Nvidia is presented as a supporting player rather than a direct rival, offering NVQLink, CUDA-Q and the Ising error-correction model. McKinsey estimates the quantum industry could generate up to $72 billion in annual revenue by 2035, versus $4 billion in 2024, while Nvidia's latest quarter revenue reached $96.2 billion, up 106% year over year.
- Why is the world eagerly anticipating a meeting among the leaders of Russia, the US and China?
Russian Foreign Ministry spokeswoman Maria Zakharova said the world is placing high hopes on an upcoming meeting between Russian President Vladimir Putin, US President Donald Trump and Chinese President Xi Jinping on the sidelines of the APEC summit. She stressed that, amid severe strains in international relations, the three powers would have a chance to exchange views in a multilateral setting, with many hoping it could lead toward stability after a period of chaos. Trump earlier said the three-way meeting could be held in China, while Putin discussed with US special envoy Steve Witkoff the possibility of meeting at the APEC summit in Shenzhen on November 18-19.
- What Is Meta Platforms (META) Telling Investors With Its Sundial Deal And New Stock?
Meta Platforms (META) agreed to acquire Sundial, an AI data analytics platform, to deepen its data-focused AI toolset. Sundial lets product teams query data through natural language and chat-style interfaces, which could tighten the loop between user behavior, model training and ad or product changes. Separately, Meta introduced new Class C nonvoting shares aimed at addressing potential liabilities from a proposed California wealth tax on Mark Zuckerberg, allowing him to meet tax obligations without reducing his voting control. The article says the key question is whether these tools help Meta get more from its planned 2026 AI capex of US$130b to US$145b.
- SpaceX Could Weather a Recession. But Its Stock Might Not. Here's Why.
SpaceX (SPCX) is well positioned in a downturn, with Starlink generating recurring subscription revenue and growing rapidly. In the third quarter, revenue rose 161% year over year to $14.6 billion and net income reached $4.4 billion. Connectivity revenue grew 69% to $5.2 billion and Starlink subscribers reached 13.6 million, but average monthly revenue per subscriber fell from $83 to $69. Capex was $19.6 billion in the quarter, including $16.4 billion on AI infrastructure, more than its connectivity revenue, and the company ended the quarter with $90 billion in cash and securities. The article warns the business could keep growing while the stock falls, given a price-to-sales ratio of 64.
- This Overlooked Pipeline Stock Could Be a Generational Wealth Builder for Patient Investors
Hess Midstream (HESM) has fallen about 20% over the past month after Chevron said it would sell its stake in the company. The drop followed an agreement to accept lower fees from Chevron in the Bakken Shale from 2027 through 2033, which led to lower 2026 EBITDA guidance and a tepid 2027 outlook. The article argues the decline may be too far, too fast, noting that integrated oil companies often divest midstream assets and that Chevron extended its use of Hess Midstream infrastructure to 2045. The transfer of Denver-Julesburg Basin energy storage assets also broadens the company's footprint. With shares yielding 10% and Chevron's stake transfer set to cut the share count by 40%, the author sees long-term positives and a possible near-term dividend increase.
- Audi defends plans for a $4 billion Georgia plant amid VW restructuring, tariffs
Audi CEO Gernot Dollner defended the carmaker's plan for a $4 billion plant in Georgia, its first in the U.S., which President Donald Trump announced at a Georgia rally on Saturday. Dollner said the move aims to grow sales and reduce exposure to U.S. tariffs, and that it does not take work away from Germany, which remains the backbone of the brand. The site followed more than 70 locations evaluated over many months and is expected to begin production of the Q7, Q8 and Q9 in the early 2030s, with capacity of up to 200,000 vehicles a year, roughly half to be exported. The announcement comes as parent Volkswagen plans to cut 50,000 jobs and close four German plants, including an Audi facility, between 2031 and 2034. U.S. tariffs cost Audi 1.2 billion euros ($1.4 billion) last year, and tariffs on German vehicles are now 15%, down from 25%.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.