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StocksHigh ImpactUpdated•Originally published 29 April 2026•Updated 30 April 2026•

1 min read

Markets Await Fed Decision and Big Tech Earnings Amid Sector Volatility

Key Facts

1Markets are awaiting the Federal Reserve's interest rate decision and subsequent remarks from Chair Jerome Powell.

2Big Tech earnings from Alphabet, Amazon, Microsoft, and Meta are scheduled for release after the market close.

about 1 month ago

Version History

1 additional source confirmed this story

Version 1about 1 month ago

What changed: Updated the story to include the 110-point drop in Dow futures, the 7% surge in Brent crude prices, and the shift in focus toward upcoming GDP and PCE data.

Dow Jones futures fell 110 points, or 0.20%, ahead of the market open as investors navigate a complex landscape of Fed policy and tech earnings. A sharp surge in Brent crude oil prices by nearly 7% has reignited inflation concerns, overshadowing the anticipation surrounding reports from Alphabet, Amazon, Microsoft, and Meta. Market participants are now pivotally focused on the upcoming first-quarter GDP estimate and March Personal Consumption Expenditures (PCE) data for clearer signals on the economic outlook. Meanwhile, Robinhood shares remain under pressure following a double miss on revenue and profit estimates. This shift in sentiment reflects growing anxiety over energy costs and macroeconomic stability despite corporate performance. All eyes remain on the Federal Reserve's decision and Chair Jerome Powell’s guidance to determine the market's trajectory for the remainder of the quarter.