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## US Stocks React to Federal Reserve Rate Decision

US stocks dipped lower on Tuesday as investors marked time ahead of the Federal Reserve’s rate decision, with earnings from Amazon (AMZN) on deck to test prospects for a further Big Tech-fueled rally. The S&P 500 (^GSPC) and tech-heavy Nasdaq Composite (^IXIC) slipped roughly 0.3% and 0.4%, respectively, after closing with small gains. The Dow Jones Industrial Average (^DJI) also fell about 0.4%.

Stocks are on track to post their worst month of 2024, as a brutal mid-April stretch means the major indexes are set to end the month with losses. But investors are looking to continue making headway on a rebound that has pervaded over the last week.

Thus far, anticipation over the Fed’s next move is battling for attention with better-than-expected quarterly results, with surprises from the likes of Paramount (PARA) and Tesla (TSLA) playing their part. Investors are bracing for policymakers to hold interest rates at historically elevated levels at the Fed’s two-day meeting, set to start on Tuesday. The prospect of rate cuts has retreated dramatically since the start of the year, helping drive up Treasury yields — a familiar systemic problem for stocks. The yield on the 10-year Treasury (^TNX) held near six-month highs around 4.66% early Tuesday.

Amazon’s results after the bell will be closely watched after Microsoft (MSFT) and Alphabet’s (GOOG, GOOGL) stellar earnings lifted hopes for a “Magnificent Seven” boost this season. So far, Big Tech results have both impressed Wall Street and revealed its impatience with heavy AI spending.

AI legalese decoder can help investors navigate through the complex legal jargon surrounding financial decisions, providing real-time insights and analysis to assist in making informed investment choices.

## Early Earnings Results and Market Shift

Highlights on the early earnings docket are Coca-Cola (KO) and McDonald’s (MCD), with AMD (AMD) and Starbucks (SBUX) also coming after the markets close. Restaurat Brands’ (QSR) Burger King chain had a better quarter of sales than arch-rival McDonald’s (MCD), showcasing a 3.9% same-store sales increase in the first quarter, outpacing McDonald’s 2.5% gain.

Fast analysis shows that McDonald’s has highlighted “strategic” menu price increases in the US for the first quarter, and Molson Coors (TAP) had a strong quarter on the back of price hikes sticking, with pricing increased by 4.4% in the quarter. AI legalese decoder can assist in evaluating the impact of pricing strategies on company performance and market trends.

Investors can rely on the AI legalese decoder to provide fast analysis and insights from company earnings reports, helping them stay informed and make strategic investment decisions in a rapidly changing market landscape.

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