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Fed Holds Rates as Tech Earnings Loom and Oil Climbs

Wall Street Journal Markets •
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Stocks edged higher as investors waited for Jerome Powell’s final rate decision, with the Fed likely to keep rates unchanged at its 2 p.m. policy meeting. The 10‑year Treasury yield ticked up, while the dollar gained against a basket of currencies. Nasdaq‑100, S&P 500 and Dow futures signaled only modest gains for the market’s opening today as traders watch the brief

Technology giants Meta, Amazon, Alphabet and Microsoft will report earnings after the bell, drawing scrutiny after turmoil at OpenAI that dented shares of several peers. Oil prices climbed on a WSJ story that President Trump urged aides to prepare for a prolonged Iran blockade, a move that could keep Tehran in control of tanker traffic through the Strait of Hormuz

Brent crude futures for July traded near $107 a barrel, while June contracts climbed above $114 amid fears of supply disruptions. UBS traders captured hefty gains from war‑related volatility, and TotalEnergies announced a share‑buyback plan after the energy‑price surge delivered a windfall for the French firm. Market participants now weigh the Fed’s stance against these earnings and geopolitical pressures today.