Market update
U.S. equities closed higher as broad gains offset tech weakness; South Korea's Kospi fell more than 10% amid semiconductor selling.
The 10-year Treasury yield eased near 4.60% and WTI crude fell below $80 per barrel.
The U.S. dollar weakened modestly alongside the drop in yields.
Earnings Season
Meta and Microsoft report today, followed by Amazon and Apple on Thursday.
With about a third of the S&P 500 reporting, 85% have beaten estimates by an average 37%; Q2 growth forecasts rose to 36% from 22%.
The Fed is expected to hold rates at 3.5% to 3.75% with a hawkish tone.
