Fed decision and Alphabet, Microsoft, Amazon earnings could shake up the AI trade over the next 48 hours
Published . Updated .
This report is about AI and big tech and US interest rates.
Directly affected
- GOOGL Alphabet-6.5% 30d
Named in this report.
- MSFT Microsoft+8.4% 30d
Named in this report.
- AMZN Amazon Com+2.9% 30d
Named in this report.
Indirectly affected
- QQQ Invesco QQQ+1.7% 18d
Invesco QQQ: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story.
- AIQ Global X Artificial Intelligence & Technology ETF-1.8% 30d
Global X Artificial Intelligence & Technology ETF: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story.
- TLT iShares 20+ Year Treasury Bond ETF-1.8% 30d
iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story.
- JPM JPMorgan Chase-3.8% 30d
JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.
- BAC Bank of America-12.5% 30d
Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.
- META Meta Platforms-7.9% 30d
Meta Platforms (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story.
- NVDA Nvidia+1.9% 30d
Nvidia (semiconductors and related devices): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story.
- DHI D.R. Horton
D.R. Horton (operative builders): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| GOOGLNo price data for this ticker | — | — | — | — | — | — | — |
| MSFT | +0.23% | -1.36% | base | after close | after close | after close | after close |
| AMZNNo price data for this ticker | — | — | — | — | — | — | — |
| QQQ | +0.56% | -2.36% | base | after close | after close | after close | after close |
| AIQNo price data for this ticker | — | — | — | — | — | — | — |
| TLT | -1.71% | -0.37% | base | after close | after close | after close | after close |
| JPMNo price data for this ticker | — | — | — | — | — | — | — |
| BACNo price data for this ticker | — | — | — | — | — | — | — |
| METANo price data for this ticker | — | — | — | — | — | — | — |
| NVDANo price data for this ticker | — | — | — | — | — | — | — |
| DHINo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
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Fed decision and Alphabet, Microsoft, Amazon earnings could shake up the AI trade over the next 48 hours Business Insider
Source: Business Insider
Price since this story was published: Invesco Qqq Trust, Series 1 (QQQ)
| Company | When | Move | Status |
|---|---|---|---|
| Microsoft (MSFT) | three days earlier | -1.36% | final price |
| Microsoft (MSFT) | five days earlier | +0.23% | final price |
| Invesco Qqq Trust, Series 1 (QQQ) | three days earlier | -2.36% | final price |
| Invesco Qqq Trust, Series 1 (QQQ) | five days earlier | +0.56% | final price |
| Ishares Tr (TLT) | three days earlier | -0.37% | final price |
| Ishares Tr (TLT) | five days earlier | -1.71% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Pete Sessions sold Alphabet (GOOGL), worth $15,001 - $50,000 on 14 Sep 2026. That is 44 days before publication. Filed 18 Sep 2026. View the filing.
- Rep. Rohit Khanna sold Alphabet (GOOGL) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 54 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Thomas H. Kean Jr sold Alphabet (GOOGL), worth $1,001 - $15,000 on 27 Aug 2026. That is 62 days before publication. Filed 12 Sep 2026. View the filing.
- Rep. Lisa McClain bought Microsoft (MSFT) (held by a spouse), worth $1,001 - $15,000 on 30 Sep 2026. That is 28 days before publication. Filed 12 Oct 2026. View the filing.
- Rep. Michael Rulli sold Microsoft (MSFT), worth $1,001 - $15,000 on 28 Sep 2026. That is 30 days before publication. Filed 2 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar sold Microsoft (MSFT), worth $1,001 - $15,000 on 24 Sep 2026. That is 34 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Amazon Com (AMZN) (held by a spouse), worth $1,001 - $15,000 on 28 Aug 2026. That is 61 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Amazon Com (AMZN) (held by a spouse), worth $1,001 - $15,000 on 27 Aug 2026. That is 62 days before publication. Filed 14 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Amazon Com (AMZN), worth $15,001 - $50,000 on 26 Aug 2026. That is 63 days before publication. Filed 8 Oct 2026. View the filing.
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM), worth $15,001 - $50,000 on 4 Sep 2026. That is 54 days before publication. Filed 1 Oct 2026. View the filing.
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM) (held by a spouse), worth $15,001 - $50,000 on 4 Sep 2026. That is 54 days before publication. Filed 1 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Jpmorgan Chase (JPM) (held by a spouse), worth $100,001 - $250,000 on 27 Aug 2026. That is 62 days before publication. Filed 4 Sep 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Invesco Qqq Trust, Series 1 (QQQ)
Companies carried with this story
- QQQ Invesco Qqq Trust, Series 1
For “Fed decision and Alphabet, Microsoft, Amazon earnings could shake up the AI trade over the next 48 hours,” Invesco Qqq Trust, Series 1 (QQQ) is linked, with no stored direction, medium confidence. Reason on file: Invesco QQQ: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story
- AIQ Global X Fds
Global X Fds (AIQ) is linked, with no stored direction, medium confidence in the 28 Oct 2026 story “Fed decision and Alphabet, Microsoft, Amazon earnings could shake up the AI trade over the next 48 hours.” Reason on file: Global X Artificial Intelligence & Technology ETF: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story
- TLT Ishares Tr
Ishares Tr (TLT) is linked, with no stored direction, medium confidence in the 28 Oct 2026 story “Fed decision and Alphabet, Microsoft, Amazon earnings could shake up the AI trade over the next 48 hours.” Reason on file: iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story
- MSFT Microsoft
For “Fed decision and Alphabet, Microsoft, Amazon earnings could shake up the AI trade over the next 48 hours,” Microsoft (MSFT) is linked, with no stored direction, medium confidence. Reason on file: Microsoft (prepackaged software): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story
- GOOGL Alphabet
Alphabet (GOOGL) is linked, with no stored direction, medium confidence in the 28 Oct 2026 story “Fed decision and Alphabet, Microsoft, Amazon earnings could shake up the AI trade over the next 48 hours.” Reason on file: Alphabet (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story
- AMZN Amazon Com
Amazon Com (AMZN) is linked, with no stored direction, medium confidence in the 28 Oct 2026 story “Fed decision and Alphabet, Microsoft, Amazon earnings could shake up the AI trade over the next 48 hours.” Reason on file: Amazon.com (catalog and mail-order houses): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story
- META Meta Platforms
In “Fed decision and Alphabet, Microsoft, Amazon earnings could shake up the AI trade over the next 48 hours,” Meta Platforms (META) is linked, with no stored direction, medium confidence. Reason on file: Meta Platforms (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story
- JPM Jpmorgan Chase
For “Fed decision and Alphabet, Microsoft, Amazon earnings could shake up the AI trade over the next 48 hours,” Jpmorgan Chase (JPM) is linked, with no stored direction, medium confidence. Reason on file: JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story
Invesco Qqq Trust, Series 1 (QQQ)
“Fed decision and Alphabet, Microsoft, Amazon earnings could shake up the AI trade over the next 48 hours” (28 Oct 2026) reaches Invesco Qqq Trust, Series 1 (QQQ) through this story.
What ties Invesco Qqq Trust, Series 1 (QQQ) to the headline is this: Invesco QQQ: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story
A second company, Global X Fds (AIQ), is listed for a different reason: Global X Artificial Intelligence & Technology ETF: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story
Price levels for Invesco Qqq Trust, Series 1 (QQQ)
AIQ traded between 61.70 and 67.40 across 19 sessions. The latest close on file is 62.94. QQQ traded between 701.18 and 762.84 across 18 sessions. The latest close on file is 721.22. TLT traded between 76.44 and 81.94 across 20 sessions. The latest close on file is 79.46.
What the saved facts support for Invesco Qqq Trust, Series 1 (QQQ)
46 out of 100
“Fed decision and Alphabet, Microsoft, Amazon earnings could shake up the AI trade over the next 48 hours” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.