Capex is the number to look at amid big tech earinings.
Federal Reserve Chair Jerome Powell said on Wednesday that the artificial intelligence boom is different from the dotcom bubble of the late 1990s.
Microsoft on Wednesday reported its quarterly sales grew 18% to $77.7 billion, beating Wall Street expectations while also surprising some investors.
The Fed approved its second straight interest rate cut, though Chair Jerome Powell rattled markets when he threw doubt on whether another is to come.