Fed Holds Rates, Oil Prices Surge, Earnings Loom

0:00On April 29th, Wall Street wrapped up mixed yesterday after the Federal Reserve held interest rate steady, marking their most split decision since 1992. The S&P 500 did just 2.32 points to 7136.48, Nasdaq-Ezda 15.2, 6 to 24,679.06, while the Dow dropped 272, 0.77 to 48,869.16. Rising crude oil prices fueled the chop, thanks to White House confirmation of President Trump's call for a long-term blockade on Iranian ports, tightening the Strait of Hormuz. That sparked supply worries and fresh inflation fears, even as Fed Chair Powell hinted this might be his last meeting as head, though he plans to. Stick around as a governor. Traders are bracing for big earnings drops after the bell from Amazon, Alphabet, Meta platforms, and Microsoft key players in the AI mega-cap crew.

1:00Meanwhile, energy spikes have folks like wealth manager Matthew Keeter warning it could crimp spending and hit future corporate results. Positive notes included a 3.3% jump in March core capital goods orders, the biggest since June 2020, signaling strong. Business Investment The Philadelphia Semiconductor Index climbed 1.5%, up 43.8 so far this year. Robin Hood slipped on week 1st quarter profits, but Seagate, Sandisk, Western Digital, Sword on Bright Forecasts, Starbucks, Visa, and NXP Semiconductors also rallied with upbeat outlooks, keeping eyes peeled for how oil drama plays into the broader market flow. From across the country, powered by AI, this is U.S. News Today.