Wall St Week Ahead-US stocks face tests from Fed decision, tech-led earnings deluge

US equity indexes posted weekly declines after steep slides in Alphabet and Tesla following their quarterly results, setting a cautious tone ahead of earnings from Microsoft, Meta, Amazon, and Apple next week. The Federal Reserve is expected to hold rates steady at its Wednesday meeting, though Fed funds futures price in a 38 percent chance of a quarter-point hike amid oil prices hitting $100 per barrel and persistent inflation above the 2 percent target. The 10-year Treasury yield topped 4.7 percent, its highest since early 2025, as investors also await Q2 GDP and inflation data.