US Stocks Fall Further After Fed Hold

2026-04-29 18:13 By Andre Joaquim 1 min. read

US equities were lower on Wednesday after the Federal Reserve held rates unchanged and presented a mixed outlook, while markets positioned ahead of major earnings.

The S&P 500 and the Dow fell 0.5% and 0.8%, respectively, while the Nasdaq 100 was flat.

The Fed held rates but regional Fed presidents in the FOMC dissented against an easing bias, reflecting their concerns of inflationary pressures.

Hyperscalers Microsoft, Meta, Alphabet, and Amazon, totalling around $11 trillion in market cap, were up to 2% lower ahead of their earnings reports after the bell, set to update their AI capital expenditure that has supported stocks despite the growing skepticism on their sustainability.

AI infrastructure were already in the spotlight after OpenAI reportedly missed targets yesterday.

Visa was 10% higher and AbbVie jumped 3% after posting strong results for the last quarter.

Also, defensive stocks fell the fresh increase in oil prices on no signs of energy supply from the Middle East.



News Stream
The Dow Jones Index Closes 0.54% Lower
The Dow Jones Index decreased 266 points or 0.54 percent on Wednesday to close at 48876 points. The decline was led by Boeing (-2.98%), IBM (-2.66%) and Travelers Companies (-2.56%). On the upside, the strongest performers were Visa (8.15%), Cisco Systems (3.07%) and Chevron (1.96%).
2026-04-29
US Tech Giants Gain in Afterhours
US equities closed mixed on Wednesday after the Federal Reserve held rates unchanged and presented a split outlook, while markets positioned ahead of hyperscaler earnings. The S&P 500 closed flat, while traditional sectors pressured the Dow with a 0.5% loss and tech pushed the Nasdaq 100 to a 0.5% gain. The Fed held rates but regional Fed presidents dissented against an easing bias to underscore concerns of inflation. Visa gained 8% and AbbVie jumped 3% after posting strong results for the last quarter. Also, defensive stocks fell amid the impasse in the Middle East. Microsoft surged 4% before dropping in afterhours despite beating its AI and cloud revenue estimates. Meanwhile, Alphabet jumped over 3% after also beating its cloud computing estimates, while posting strong Gemini AI figures. Meanwhile, Amazon was flat in afterhours despite significantly beating its earnings consensus in the March quarter. In contrast, Meta plunged 7% amid skepticism on its surging AI capex outlook.
2026-04-29
US Stocks Fall Further After Fed Hold
US equities were lower on Wednesday after the Federal Reserve held rates unchanged and presented a mixed outlook, while markets positioned ahead of major earnings. The S&P 500 and the Dow fell 0.5% and 0.8%, respectively, while the Nasdaq 100 was flat. The Fed held rates but regional Fed presidents in the FOMC dissented against an easing bias, reflecting their concerns of inflationary pressures. Hyperscalers Microsoft, Meta, Alphabet, and Amazon, totalling around $11 trillion in market cap, were up to 2% lower ahead of their earnings reports after the bell, set to update their AI capital expenditure that has supported stocks despite the growing skepticism on their sustainability. AI infrastructure were already in the spotlight after OpenAI reportedly missed targets yesterday. Visa was 10% higher and AbbVie jumped 3% after posting strong results for the last quarter. Also, defensive stocks fell the fresh increase in oil prices on no signs of energy supply from the Middle East.
2026-04-29