US stocks open flat after Big Tech earnings, Fed decision: S&P below 7,000
US stocks opened mixed as investors reacted to earnings from major tech companies and the Federal Reserve's interest rate decision. The S&P 500 rose 0.1%, while the Dow added 16 points and the Nasdaq fell 0.1%. Meta Platforms surged 9% on strong sales forecasts, while Microsoft shares dropped 10% due to slowing cloud growth. The Fed kept rates unchanged, signaling cautious optimism amid ongoing political and geopolitical uncertainties, including a DOJ investigation involving Fed Chair Powell and tensions with Iran.
