Tech Giants Lead S&P Surge, Fed Decision Looms

Tech earnings, including Apple, Amazon.com, and AMD, are driving market focus after the S&P 500's significant weekly gain fueled by AI services.
The Federal Reserve's policy decision on Wednesday will be closely watched following first-quarter GDP and core PCE data, with interest rates expected to remain unchanged. Traders are adjusting rate cut expectations based on Fed commentary.
Euro-area CPI data will impact expectations for the European Central Bank's June meeting and beyond, adding to market uncertainty amidst global economic shifts.