Wall Street Week Ahead - What to Expect This Week from the Fed, Tech Giants, and Key Economic Data
Wall Street week ahead: Fed rate decision, Big Tech earnings from Apple, Amazon, Meta Microsoft GDP and inflation data in focus.
Jul 27 2025
Wall Street is gearing up for one of the most event-packed weeks of the summer. With the stock market trading near record highs, investors are now turning their attention to a series of major events that could redefine the short-term market outlook. The upcoming days will feature the Federal Reserve’s interest rate decision, earnings reports from four tech giants include Apple, Amazon, Microsoft, and Meta, alongside key macroeconomic data including GDP growth, inflation indicators, and labor market numbers.
Despite ongoing signs of a moderate slowdown in the U.S. economy, investor sentiment remains strong, and equities continue to push higher. Recent research highlights that the correlation between macroeconomic data surprises and stock market performance, particularly the S&P 500, has significantly weakened in recent years. This suggests that market momentum may now be more sensitive to investor expectations and narratives than to actual economic conditions.
The Federal Reserve is widely expected to keep interest rates unchanged at a range of 4.25% to 4.5%. However, the focus will be on Chair Jerome Powell’s press conference and the language used regarding future policy. While inflation remains above target and economic data points to weakening in sectors like manufacturing, real estate, and consumer confidence, markets are eager for any signal that a rate cut could come as soon as September. According to CME futures, there is a 96% probability that the Fed will hold rates steady this week, but expectations for cuts later in the year are growing.
Investors will also be watching closely as four of the most valuable companies in the world Such as Apple, Amazon, Microsoft, and Meta to report quarterly earnings. Together, these tech giants represent more than $11 trillion in market capitalization, and their performance will offer critical insight into the health of the tech sector and the broader economy. Microsoft is expected to report $73.9 billion in revenue and $3.38 earnings per share, with strong growth in its Azure cloud services and monetization of AI tools.
Meta is projected to deliver $44.8 billion in revenue and $5.90 EPS, with gains driven by advertising and improvements on Instagram and Reels. However, its heavy investments in AI and the Metaverse continue to raise concerns about operational efficiency. Amazon is forecast to post $162 billion in revenue and $1.32 EPS, supported by retail recovery and AWS cloud growth, though increased AI-related capital expenditure may impact short-term profitability.
Apple is expected to report $89 billion in revenue and $1.42 EPS, with investor focus on sales performance in China amid rising tariffs and geopolitical tensions, as well as the company’s progress in AI innovation, an area where it has so far lagged behind competitors.
Also several high-impact reports will shape investor expectations. U.S. GDP growth for Q2 is expected to come in at 2.4%, rebounding from a weak prior quarter. Inflation data, particularly the Core PCE index, is projected to rise 0.3% in June, while consumer spending may show a 0.4% increase.
Labor market data will also take center stage with the ADP and JOLTS reports, but the main event will be Friday’s non-farm payrolls. Economists anticipate the creation of approximately 108,000 new jobs and a rise in the unemployment rate to 4.2%. Inflation expectations from the University of Michigan survey could also influence the Fed’s next steps, especially if they show persistent price pressures.
While Wall Street appears to be on solid ground for now, this week could be a turning point. Strong earnings and a dovish Fed tone may fuel further gains, but any disappointment in tech results or economic data could increase volatility and trigger a shift in sentiment.
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Please note that the article should not be considered as investment advice or marketing, and it does not take into account the personal data and requirements of any individual. It is not a substitute for the reader's own judgment, and it should not be considered as advice or recommendation for buying or selling any securities or financial products.