S&P 500, Nasdaq recover half of Monday’s fall ahead of big tech results, Fed decision

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A key test for AI bulls will be the start of the big-tech earnings season, with Microsoft, Meta Platforms Inc. and Tesla Inc. reporting Wednesday. While profits from the Magnificent Seven behemoths are still rising — and far outpacing the rest of the market — growth is projected to come in at the slowest pace in almost two years.

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