The markets were quiet on Tuesday as investors waited on the Federal Reserve's latest meeting and the release of Big Tech quarterly earnings reports.
The Federal Open Market Committee concludes a two-day meeting on Wednesday with investors expecting another 75-basis point interest rate hike, while tech giants Apple, Amazon, Microsoft, and Alphabet will all release their quarterly earnings reports this week.
The US stock futures fell in early-morning trading. Walmart's profit warning dragged the stock down in after hours trading.
The analysts said that investors should expect another quiet day in the stock market.
Caxton's head of market intelligence Michael Brown said that yesterday was a snooze-fest and that today is likely to be the same. The fireworks begin on Wednesday.
After Tuesday's closing bell, Microsoft and Alphabet will be the first big tech companies to report their earnings.
"We have Microsoft after the bell today, followed by Meta tomorrow and Apple and Amazon on Thursday," Jim said. Over $7.5 trillion of market cap is at stake over the next two days.
Several key stock markets are experiencing slight falls, while global stocks are climbing.
Europe's flagship Stoxx 600 index rose 0.04%, despite drops for Paris's CAC 40 and Frankfurt's DAX 40, which fell 0.15% and 0.55%, respectively. The London's FTSE 100 increased in value.
In Asia, Hong Kong's Hang Seng was up 1.93%, but Tokyo's Nikkei was down 0.24% at the end of the day.
The other asset classes are doing well.
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