US stocks set to rebound as AI earnings and Fed meeting take center stage

US stock markets are poised for a rebound Monday after a turbulent week, with investors facing pivotal tests from major AI company earnings and a Federal Reserve meeting. The Dow fell 1.23% on Friday, while the S&P 500 and Nasdaq also closed lower. Alphabet and Microsoft report Wednesday, with Amazon due Thursday, as investors scrutinize capital spending guidance and returns on AI investments. Chipmakers Intel and Sandisk also report, alongside Eli Lilly, Exxon, Chevron, and Caterpillar, potentially fueling volatility. The Fed's policy statement Wednesday comes amid bets it will hold rates, with futures pricing under 10% chance of a hike. However, markets see an 80% probability of a December increase, while the November 3 midterm elections add further uncertainty.