Markets Brace for Earnings Surge Amid Economic Data Void
Nasdaq's 2.5% rally fueled by Amazon's blockbuster earnings quickly gave way to caution as investors face a week packed with Palantir, AMD, and S&P 500 reports. The absence of key government jobs data shifts focus to private payroll figures and ISM manufacturing updates.
Federal Reserve Chair Powell shattered December rate cut certainty, sending probability plunging from 95% to 63% within days. "Not a foregone conclusion" became the market's cold shower, with Capital.com's Hathorn noting the FOMC's disappointing dovishness.