Wall Street

Stock Market Today – 7/27: Stocks Get Big Tech Earnings Boost Ahead of Fed Rate Decision

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The Street

By Martin Baccardax Solid, if cautious, near-term outlooks from Microsoft and Google are giving stocks a boost ahead of today’s crucial Fed rate decision. U.S. equity futures bumped higher Wednesday, powered by a spate of better-than-expected big tech earnings after the close of trading yesterday that helped boost sentiment ahead of a crucial Fed rate decision later in the session. Bets on a 75 basis point hike have been largely priced-in for today’s meeting, capping gains for U.S. Treasury bonds and holding the dollar near to the highest levels against its global peers in more than two decade…

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