Market Recap | Fed Dissent and AI Capex Surges Define Volatile Earnings Week

The S&P 500 edged down, while the Nasdaq Composite gained slightly, influenced by cautious sentiment before the Federal Reserve's rate decision and tech earnings. Spotify, Robinhood, and SoFi shares declined post-earnings. Bloom Energy and Plug Power saw gains, with focus on hydrogen and AI-driven energy sector valuations. Advanced Micro Devices rose on AI semiconductor demand. KalVista Pharmaceuticals surged on an acquisition offer. The Federal Reserve kept rates unchanged, but internal dissent increased. Geopolitical tensions with Iran escalated, impacting crude oil prices. U.S. durable goods orders rebounded sharply, driven by AI infrastructure investment. Microsoft and Alphabet reported strong quarterly results, exceeding expectations due to cloud and AI growth. Meta also reported revenue growth but increased capital expenditure forecasts, leading to a stock decline.▶️ Download our app here:📌 Play Store: ⁠https://play.google.com/store/apps/details?id=com.tradingkey.mobile&hl=en⁠📌 App Store: ⁠https://apps.apple.com/us/app/tradingkey-stock-analysis/id6744304666📢 DISCLAIMERTradingKey provides general information on certain investment products. This information is not intended to constitute financial advice or a recommendation for any specific investment product.