Premarket: Apple is green

From the Wall Street Journal’s "Stock Futures Edge Up Ahead of Fed, Earnings" posted early Monday:

U.S. stock futures edged higher at the start of a crucial week for global markets, with investors awaiting the Federal Reserve’s latest policy decision and a slew of corporate earnings reports...

The Fed on Wednesday is expected to deliver another 0.75-percentage-point interest-rate increase as it attempts to cool soaring inflation. Markets have swung this year as investors worry that the central bank’s aggressive tightening will lead the U.S. economy into recession...

So far investors have largely brushed off disappointing earnings. Shares of S&P 500 companies that missed Wall Street’s forecasts have fallen 0.1% on average in the two days before their report through the two days after, according to FactSet. That compares with the five-year average of a 2.4% decline...

Earnings reports are expected this week from major technology firms including Apple, Google parent Alphabet, Facebook parent Meta Platforms and Amazon. The results could determine whether a recent rebound in beaten-down tech shares will continue.

Charts: Yahoo!Finance sees a bearish engulfing-line pattern. Max pain starts earnings week at $149 with a call mountain at $150 and a put peak at $140.

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