Wall Street rises ahead of Fed meeting and Big Tech earnings

Wall Street is trading higher in pre-market activity on Monday, with the Dow Jones and S&P 500 up 0.3% and the Nasdaq 100 up about 0.5%, ahead of a busy week featuring a Federal Reserve meeting and major tech earnings. The Fed is widely expected to hold rates steady on October 28, with a 90.6% probability of no change, though markets see nearly 80% odds of a hike by year-end. Key earnings this week include Alphabet, Microsoft, and Amazon, while oil prices fell 2% to $101.30 per barrel amid no weekend escalation in the Middle East. Anthropic is set to file for an IPO on Monday, potentially valuing the AI startup at $2 trillion. Meta announced plans to raise about $35 billion, and SpaceX finalized a $40 billion debt deal for Nvidia chips. Apple reportedly increased iPhone Duo production orders by 30% due to strong demand.