Tech earnings and Fed meeting dominate market week
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- Corning posted Q4 revenue of $4.26 billion and EPS of $0.69, while hinting at new long‑term supply deals with hyperscalers.
- Starbucks targets 4% same‑store sales growth in Q4 and a projected operating margin of 8.3% for the quarter.
- Microsoft will release Q4 results and detail $600 billion of annual capex, most earmarked for data‑center expansion.
- Fed meets Thursday, a pivotal macro event that will influence market sentiment alongside earnings.
- OpenAI accounts for roughly 45% of Microsoft’s commercial backlog, underscoring the cloud‑AI tie‑in in the upcoming report.
Why it matters: Investors gain clarity on earnings as Microsoft’s $600 billion data‑center spend fuels hardware makers like Nvidia, while Starbucks’ 4% sales lift boosts its margin outlook; the Fed’s Thursday decision will swing market direction.
