The Federal Reserve held interest rates steady, a decision that analysts widely anticipated. Policymakers cited the strength of the U.S. economy, despite some calls for cuts. Meanwhile, Meta and Microsoft reported earnings, with a major focus on their substantial investments in artificial intelligence. Investors are closely watching how these tech giants navigate this new frontier.

Tech earnings dominated market attention, with both Meta and Microsoft detailing their AI spending. Meta's capital expenditures are expected to nearly double, reaching up to $135 billion. Microsoft's stock faced slight headwinds despite the company's strong AI build-out. Tesla also made waves by announcing a $2 billion investment in Elon Musk's xAI venture.

Gold prices surged to a new record high, driven by geopolitical tensions and demand for safe havens. The market is also assessing the potential impact of tariffs and the broader economic outlook. The Fed's stance provides a backdrop for these market moves, with the focus now shifting to the outlook for the tech sector.

The market’s reaction to these developments will shape investor sentiment in the coming days. The focus remains on tech earnings and the implications of the Fed's monetary policy. Investors will be keeping a close eye on upcoming earnings reports from other tech companies to gauge the sector's trajectory and potential for growth.