Stock Market Update

[BRIEFING.COM] The major averages continue their slow trudge through negative territory as today's session nears its end.

The market is gearing up for an eventful session tomorrow, which will feature the April FOMC decision in the afternoon. While the Fed is widely expected to keep rates unchanged, investors will be paying close attention to any commentary that signals a potential hike later this year in response to rising energy prices.

Investors also eagerly await the earnings of several mega-cap names, with Alphabet (GOOG 347.59, -0.93, -0.27%), Amazon (AMZN 259.65, -1.47, -0.56%), Microsoft (MSFT 429.09, +4.27, +1.01%), and Meta Platforms (META 670.12, -8.50, -1.25%) all set to report earnings after the close tomorrow.