US stocks slide as investors turn focus to Fed meeting and brace for mega-cap tech earnings
US stocks slipped Monday as investors brace for a key Federal Reserve interest rate decision and mega-cap tech earnings later this week.
The catalysts should make for a volatile week ahead, with the Federal Reserve slated to hike interest rates at its FOMC meeting on Wednesday. Fed Chairman Jerome Powell is expected to hike interest rates by 25 basis points, in what could be one of the last interest rate hikes of the current cycle.
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