4 Big Tech earnings reports, a Fed meeting, and $100 oil: It's the busiest week of the quarter - Yahoo Finance

What the report says

Yahoo Finance reported that investors entered what it described as the busiest week of the quarter, with several major market drivers converging: quarterly earnings from Big Tech, a Federal Reserve rate decision, and renewed focus on oil prices amid Middle East tensions. The report said the S&P 500 ended the prior week down 0.6%, the Dow lost 0.4%, and the Nasdaq declined 2.1%.

The main corporate focus is on four “Magnificent Seven” companies reporting second-quarter results: Microsoft and Meta on Wednesday, followed by Apple and Amazon on Thursday. Yahoo said investors are especially watching artificial intelligence-related capital spending and whether companies can show returns on those investments. The article framed Alphabet’s recent results as a warning sign: despite stronger revenue and profit, the stock fell after management raised 2026 capital spending projections and free cash flow turned negative.

Beyond Big Tech, Yahoo listed a heavy earnings calendar that includes AstraZeneca, Visa, Coca-Cola, Boeing, Qualcomm, Starbucks, Mastercard, Shell, ExxonMobil, Chevron, AbbVie and others. The Federal Reserve’s June decision is also set for Wednesday, with markets widely expecting rates to remain unchanged, although Yahoo said escalating geopolitical risks and inflation concerns have made the meeting more closely watched.

The third major issue is oil. Yahoo reported that Houthi attacks in the Red Sea helped push crude prices above $100, while futures eased Monday after the U.S. and Iran paused hostilities over the weekend. The article said the lack of a diplomatic resolution could keep energy-driven inflation pressures in focus for investors and policymakers.