Fed decision and earnings ahead, Twitter's rebranding plan - what's moving markets

investing.com:

Investing.com — Investors gear up for a crush of corporate earnings and a major Federal Reserve policy decision that could reveal clues about the path ahead for the U.S. economy. Elsewhere, Chevron 's second-quarter earnings top expectations, while Elon Musk hints at a sweeping overhaul of Twitter's branding.

1. Futures edge higher

U.S. stock futures inched up on Monday, with investors awaiting both a parade of corporate results as well as an upcoming interest rate decision from the Federal Reserve.

At 05:17 ET (09:17 GMT), the Dow futures contract added 43 points or 0.13%, S&P 500 futures gained 8 points or 0.18%, and Nasdaq 100 futures increased by 42 points or 0.27%.

This week's earnings are expected to provide further clues into the health of the broader U.S. economy. Several stronger-than-anticipated second-quarter returns so far have fuelled hopes that the U.S. may be able to engineer a soft landing in the face of surging borrowing costs.

Market participants suspect that the Fed will most likely decide on Wednesday to resume its unprecedented monetary tightening cycle, which the central bank kicked off last year in an aggressive attempt to cool red-hot inflation. According to Investing.com's Fed Rate Monitor Tool, there is a 98% chance that the Fed will hike the benchmark federal funds rate by a quarter-percentage point to a range of 5.25% to 5.50%.

Where policymakers go from there remains a cause for debate. In particular, economists will be keen to see if the Fed will signal its intention to pull back from further rate rises, or give itself the flexibility to react to future economic conditions.

2. Chevron beats estimates; busy earnings week ahead

Oil major Chevron (NYSE:CVX) posted better-than-anticipated