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Macro EconomyHigh ImpactUpdated×8•Originally published 27 April 2026•Updated 29 April 2026•

1 min read

Markets Braced for Big Tech Earnings and Critical Central Bank Rate Decisions

Jerome Powell, Federal Reserve building, gold bars, US dollars, and economic charts on a world map background with 'Inflation pressure' text.

Key Facts

1Five of the 'Magnificent 7' companies, including Apple, Microsoft, Meta, Amazon, and Alphabet, are scheduled to report earnings this week.

about 1 month ago

Version History

1 additional source confirmed this story

Version 8about 1 month ago

What changed: Updated the story to reflect the rise in stock futures and oil prices, and the partial recovery from tech-led losses ahead of the Fed meeting.

Version 7about 1 month ago

What changed: Updated the story to include the impact of hawkish central bank stances on the S&P 500 and Bitcoin's relative resilience compared to traditional equities.

Version 6about 1 month ago

What changed: Added specific intraday price action showing a divergence between the Dow Jones and tech-heavy indices (S&P 500 and Nasdaq) during the first session of the week.

Version 5about 1 month ago

What changed: Updated the story to include the breakthrough in Kevin Warsh's Fed nomination and Trump's rejection of the Iranian proposal regarding the Strait of Hormuz.

Version 4about 1 month ago

What changed: The update specifies the exact scale of the earnings wave, noting that 180 S&P 500 companies and five of the 'Magnificent 7' tech giants will report results.

Version 3about 1 month ago

What changed: Added specific mention of PCE inflation data and expanded the scope of earnings reports to include one-third of S&P 500 companies.

Version 2about 1 month ago

What changed: Added specific timing for the Federal Reserve meeting on Wednesday and noted it includes Powell's final press conference.

Version 1about 1 month ago

What changed: Updated the story to include intensifying geopolitical tensions in the Middle East, the subsequent spike in oil prices, and the latest performance of US equity futures.

U.S. stock futures and oil prices rose ahead of today's Federal Reserve meeting, as stocks began recovering some ground following Tuesday's tech-led losses. This cautious recovery comes amid a high-stakes week for global markets defined by Big Tech earnings and pivotal central bank decisions that have pressured the S&P 500. A significant breakthrough occurred in the Federal Reserve leadership transition as Senator Thom Tillis ended his opposition to Kevin Warsh's nomination for Fed Chair. On the geopolitical front, President Trump rejected an Iranian proposal to reopen the Strait of Hormuz, labeling the offer insufficient. Investors remain focused on the upcoming PCE price index data and Jerome Powell’s final press conference scheduled for Wednesday to gauge the future path of inflation.