Tech is no longer the star on Wall Street. The Dow Industrials and the S&P 500 look set to rally at the open as investors embrace strong earnings from Dow components Caterpillar (CAT) and McDonald’s (MCD). However, a drop in shares of Alphabet (GOOGL) are weighing on the Nasdaq. Yahoo Finance’s Alexis Christoforous, Andy Serwer and Sean Smith report on the day’s top stories.
The Fed meeting got underway with low expectations. Perhaps a more closely watched item will be Friday's release of the Q2 GDP.