Stock Market Update

The stock market remains on track for a modestly higher open as technology stocks look to build on this week's gains, helping offset pressure from rising oil prices. The latest round of earnings reports is providing much of the support for technology stocks this morning, with several notable standouts among AI infrastructure names.

The tone is more subdued elsewhere as investors await this afternoon's FOMC decision for further insight into the near-term monetary policy outlook. While the Fed is widely expected to leave its target range unchanged, investors will be paying close attention to any signals regarding the path of interest rates going forward.