Stock Market Today: Stocks lower with Microsoft, Google earnings and Fed in focus
Markets will focus on a host of blue-chip earnings reports Tuesday, as well as key jobs data and the start of the Fed's two-day policy meeting in Washington.
Check back for updates throughout the trading day
U.S. equity futures slipped lower in early Tuesday trading, following along from another record close for the S&P 500, as investors braced for a busy corporate-earnings calendar highlighted by two Magnificent 7 updates after the closing bell.
Updated at 8:42 AM EST
Standout U.S. growth
The International Monetary Fund's updated growth forecasts suggest the U.S. economy should outperform all of its major G-7 peers this year as inflation pressures ease.
The IMF's World Economic Outlook report, published Tuesday, boosted growth forecasts for both the U.S. and China, adding that the world economy is showing "remarkable resilience" and is "in the final descent toward a 'soft landing' with inflation declining steadily and growth holding up."
IMF Growth Forecast: 2024
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