Wall St Week Ahead: Stock rally faces earnings wave

Investors are concerned about the strength of the AI trade and about how aggressively the Federal Reserve will cut interest rates. — Reuters

NEW YORK: A resilient US stocks rally heads into a busy week of corporate results, with investors concerned about the strength of the artificial intelligence trade and about how aggressively the Federal Reserve will cut interest rates.

The S&P 500 on Friday ended October up 2.3% for the month, its sixth straight month of gains, despite wobbling this week after megacap companies posted mixed results. Doubt also grew that more interest rate cuts were imminent after the Fed eased by a quarter point on Wednesday, as expected.