Wall Street futures edge higher, but the market is still waiting for Big Tech and the Fed

📌 U.S. futures moved slightly higher on April 29, with Nasdaq holding up better than the S&P 500 and Dow. This suggests money is still leaning toward tech, but not strongly enough to create clear market excitement.
💡 The near-term focus is on earnings from Alphabet, Amazon, Meta, and Microsoft after the close. These names carry major weight for AI expectations, tech margins, and the broader direction of U.S. equities.
⚠️ Caution has increased after fresh concerns over whether massive AI spending is delivering enough returns, especially with tech valuations already elevated. If earnings fail to convince investors, profit-taking could appear quickly.
⏱️ The Fed is another major risk point today, as markets largely expect rates to stay unchanged but are still watching Powell’s tone. Any firmer signal on inflation or geopolitical risk could quickly reverse futures.
🔎 Overall, the market is not weak, but it is waiting for confirmation. Stronger volatility may appear after the Fed update and earnings, so the reaction after the news matters more than the current mild green move.
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