S&P 500 Futures Flat Ahead of Fed Verdict and Big Tech Earnings

S&P 500 futures trade little changed in cautious trading as markets await the Federal Reserve's policy decision and earnings from Microsoft, Alphabet, and Amazon. The index pulled back from record highs hit after four straight weeks of gains, pressured by WTI oil surging to $103 per barrel—up over 8% in three days—and 10-year Treasury yields climbing to 4.36%, reigniting inflation concerns. Robinhood's Q1 earnings miss (EPS $0.37 vs. estimates, revenue $1.07B) drove shares down 11% premarket, heightening event-driven volatility risks.