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S&P 500 Holds Steady as Big Tech Earnings, Fed Decision and Oil Prices Collide
Traders watched for the Federal Reserve's rate decision and remarks from Jerome Powell as Amazon, Meta, Microsoft and Alphabet prepared to report earnings.
- On Wednesday, April 29, 2026, U.S. stock index futures were mixed as investors awaited the Federal Reserve's policy decision and earnings reports from Alphabet, Amazon, Meta Platforms, and Microsoft after the closing bell.
- Federal Reserve Chair Jerome Powell convenes what is likely his final policy meeting before successor Kevin Warsh takes the helm, while rising oil prices driven by Iran conflict tensions continue pressuring global markets.
- Strong results from Seagate Technology and NXP Semiconductors fueled Wednesday's rebound, with the 'Magnificent Seven' tech titans representing over 15% of S&P 500 value now under intense scrutiny ahead of earnings.
- With no interest rate changes expected in an 11-1 vote, bond traders are parsing Chair Powell's guidance closely while Treasury yields sit near session highs above 4.36%, signaling hawkish market expectations.
- AI hyperscalers are projected to spend $650 billion in capital expenditures by 2026, though recent reports that OpenAI missed its own user growth targets have revived investor caution about valuations.
15 Articles
15 Articles
US STOCKS-Wall Street eyes mixed open ahead of Big Tech earnings, Fed meeting
Amazon, Meta Platforms, Microsoft and Google-parent Alphabet are set to report after the closing bell, when investors will gauge how their AI bets are paying off. The results could shape investor confidence in one of the most resilient pockets of the financial markets, after sentiment was slightly dampened following a Wall Street Journal report that said OpenAI had missed its internal targets for weekly users and revenue, reviving fears about t…
Both the US Federal Reserve Fed's interest rate decision and the quarterly figures of four large tech companies determine what is happening on Wall Street today. Investors are waiting ahead.
S&P 500 Holds Steady as Big Tech Earnings, Fed Decision and Oil Prices Collide
The post S&P 500 Holds Steady as Big Tech Earnings, Fed Decision and Oil Prices Collide appeared first on 24/7 Wall St.. Quick Read Alphabet (GOOGL), Meta Platforms (META), and Microsoft (MSFT) all report earnings after the bell tonight alongside Amazon (Nasdaq: AMZN), making Big Tech earnings a major catalyst influencing the market. The S&P 500 is holding steady ahead of Jerome Powell’s final Fed meeting as Kevin Warsh prepares to take over …
US stock market today: Dow, S&P 500 futures flat ahead of Fed decision, megacap earnings
US stock futures traded flat as investors awaited the Federal Reserve's policy decision and earnings from major tech companies. Concerns over OpenAI's missed targets and rising crude oil prices influenced market sentiment, while the UAE's exit from OPEC added pressure on global supply.
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