Stock Market Update Wednesday April 29, 2026
- Apr 29
- 2 min read
Stock Market Update Wednesday April 29, 2026 US equities demonstrated resilience in the face of higher crude prices and largely shrugged off the widely anticipated Federal Open Market Committee (FOMC) decision, as well as Chair Jerome Powell’s subsequent press conference, finishing the session with mixed closes across the major indices. In after-hours trading, Alphabet shares edged modestly higher, while Meta Platforms, Microsoft, and Amazon traded lower as investors repositioned ahead of earnings and recalibrated expectations for guidance.
Away From Stocks: US 10-year Treasury yield rose to 4.42% on energy prices, macro data, and rate outlook reassessment. The dollar strengthened with crude, DXY nearing 99 due to higher yields and geopolitical risk. Gold and Bitcoin weakened. Despite oil's surge, volatility remained contained, VIX near 18. Crude oil nears $108 amid prolonged geopolitical tensions, raising inflation and policy concerns.
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