U.S. markets are set for a cautious open as investors await today's Federal Reserve interest rate decision and earnings from AI giants Microsoft and Meta. Meanwhile, a sharp jump in oil prices following renewed Middle East tensions is adding fresh inflation concerns ahead of the Fed announcement. 📊 Market Snapshot Dow Futures: -0.27% S&P 500 Futures: +0.24% Nasdaq Futures: +0.31% Brent Crude: $85.54 (+4.22%) U.S. 10-Year Treasury Yield: 4.634% VIX: 18.28 (+0.38%) Gold: -0.15% Bitcoin: +0.89% 🔥 Key Market Highlights Fed Decision in Focus: Investors expect the Federal Reserve to leave interest rates unchanged, but markets will closely watch the policy statement, voting pattern, and Fed Chair Kevin Warsh's comments for clues on future rate moves. Oil Prices Spike: Brent crude surged more than 4% after escalating Middle East tensions, raising concerns about energy supply disruptions and renewed inflationary pressure. AI Earnings Take Center Stage: Microsoft (MSFT) and Meta (META) report earnings after the market close, with investors focused on AI investments, cloud growth, capital spending, and future guidance. SK Hynix Slides: Despite reporting record quarterly profits, SK Hynix shares fell nearly 10% after results failed to meet elevated market expectations, highlighting continued pressure on AI semiconductor stocks. European Banks Rally: Deutsche Bank, UBS, and Standard Chartered posted strong trading revenues, benefiting from increased market activity and supporting European financial stocks. Stocks in Focus: Ford (F) rose after raising its full-year earnings outlook, while Kering surged following stronger-than-expected quarterly results and improving momentum at Gucci. 📌 Market Theme Markets remain driven by two major catalysts: the Federal Reserve's policy outlook and Big Tech earnings. While rising oil prices are reviving inflation concerns, today's Fed decision and results from Microsoft and Meta are expected to set the tone for AI stocks and broader market sentiment heading into the second half of the week.