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S&P 500 and Nasdaq await Fed decision and Big Tech earnings amid high oil prices and inflation concerns

Market News
29 Apr 2026
FXEmpire
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Neutral
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The US stock market is trading cautiously as investors await the Federal Reserve's rate decision and earnings reports from major tech companies Alphabet, Amazon, Meta, and Microsoft. Elevated oil prices near $100 per barrel are adding inflation pressure, complicating the Fed's outlook. The market is poised for volatility with key tech earnings and Fed commentary expected to influence direction. A potential short-term correction in the S&P 500 is possible if tech earnings disappoint or if the Fed signals a tougher stance on inflation.

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