Yahoo Finance·2026-01-27 23:33Market Overview - Nasdaq 100 futures rose approximately 0.9%, while S&P 500 futures increased by 0.3%, following an all-time closing high [1] - Investors are anticipating earnings reports from major tech companies, including Microsoft, Meta Platforms, and Tesla, which are expected to reflect significant investments in AI [3] ASML and Chip Demand - ASML experienced a record surge in orders for its chipmaking machines, with fourth-quarter bookings reaching €13.2 billion ($15.8 billion), significantly exceeding the average analyst estimate of €6.85 billion [12] - The demand for ASML's advanced lithography machines is driven by the growing AI infrastructure needs of major tech companies, including Nvidia and TSMC [13] Federal Reserve and Economic Outlook - The Federal Reserve is expected to maintain interest rates in the range of 3.5% to 3.75%, with market participants looking for insights on future rate cuts from Chair Jerome Powell's press conference [4] - Current market expectations include two quarter-point rate cuts by the end of 2026, as indicated by CME FedWatch [4] Company-Specific Developments - AT&T's stock rose by 4% after forecasting annual profit above analysts' estimates, driven by its wireless and fiber network expansion [6] - Elevance Health's stock fell by 5% following a profit forecast for 2026 that was below Wall Street estimates, attributed to anticipated higher medical costs [8] - Seagate's stock increased by 9% after projecting third-quarter revenue and profit above Wall Street estimates, benefiting from strong demand for data storage devices [15] - Texas Instruments' stock rose by 7% after forecasting higher revenue in the upcoming quarter [16]