"The markets are trading mixed out of the gate as they prepare for data on the economy as well as from corporate America. The Fed kicks off its two-day meeting on the state of the economy in Washington, D.C. In addition to any potential decision on short-term interest rates, traders and investors will be watching and awaiting Big Tech earnings this week from the likes of Apple ( Nasdaq: AAPL), Meta ( Nasdaq: META) and Microsoft ( Nasdaq: MSFT)."
"Meta Platforms and Corning ( NYSE: GLW) have reportedly agreed to a partnership in which Mark Zuckerberg's company will dole out billions of dollars over the coming years for fiber-optic cables to support its AI data centers. GLW stock is soaring by over 7% in response. Amazon ( Nasdaq: AMZN) Web Services has inked a lucrative contract with the U.S. Air Force to support the military's cloud program."
Markets opened mixed as investors awaited economic data and the Federal Reserve's two-day meeting on the economy in Washington, D.C. Traders also anticipate Big Tech earnings from Apple, Meta and Microsoft. Gold has risen above $5,000 per ounce, buoying its performance relative to the S&P 500. Morning trading showed the Dow down 0.87%, the Nasdaq up 0.48% and the S&P 500 up 0.17%. Meta and Corning agreed to a partnership for fiber-optic cables to support AI data centers, boosting GLW shares. Amazon Web Services and Salesforce secured major military cloud contracts. Boeing reported a 57% year-over-year increase in Q4 sales while its stock fell about 2%.
Read at 24/7 Wall St.
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