5 Things to Know Before the Stock Market Opens [Video]

The Federal Reserve is set to keep interest rates unchanged as it wraps up its two-day meeting, although investor focus will be on Fed Chair Powell’s outlook as hot inflation is likely to keep rates higher for longer; shares in Amazon (AMZN) are gaining as the tech giant’s AI-driven gains in cloud computing drove a first-quarter results beat; shares of smaller tech firms Advanced Micro Devices (AMD) and Super Micro Computer (SMCI) are slumping on disappointing earnings; shares in Starbucks (SBUX) are plunging as its earnings fell short of expectations on declining customer traffic; CVS Health (CVS) shares are tumbling after a disappointing earnings report and outlook; and Tesla (TSLA) stock is slipping following reports the company’s supercharger division would be closed. U.S. stock futures were lower after the S&P 500 ended April with its first monthly losssince October. Here’s what investors need to know …