Trending Now - Wall Street Steady as Investors Await Major Earnings and Fed News

WHO:

CNBC - Jerome Powell is the Federal Reserve chair.

CNBC - Steven Wieting is the chief investment strategist at CIO Group.

CNBC - Kevin Warsh is expected to succeed Jerome Powell as Fed chair.

WHAT:

Bloomberg Markets - Nasdaq 100 futures rose with more than $14 trillion in market cap set to report after the market close, including Meta, Microsoft, Amazon, and Alphabet.

CNBC - Stocks were led lower by losses in the technology sector after OpenAI missed its own revenue and user growth targets, impacting Oracle, which has a $300 billion, five-year partnership with OpenAI.

CNBC - S&P 500 futures were flat, adding 0.1%.

CNBC - Nasdaq 100 futures rose 0.2%.

CNBC - Dow Jones Industrial Average futures advanced 63 points, or 0.1%.

CNBC - Starbucks shares jumped 5% after raising its full-year outlook.

CNBC - Robinhood shares fell 9% after its first-quarter results fell short of expectations.

CNBC - Seagate Technology and NXP Semiconductors shares rose about 16% after posting earnings beats.

CNBC - The S&P 500 index shed 0.49%, and the Nasdaq Composite fell 0.9%.

CNBC - The Dow lost 25.86 points, or 0.05%.

CNBC - OpenAI missed its own revenue and user growth targets, impacting technology stocks.

CNBC - Oracle shares slid 4% due to its partnership with OpenAI.

CNBC - Broadcom and Nvidia shares fell 4% and more than 1%, respectively.

CNBC - Four of the "Magnificent Seven" tech companies—Alphabet, Amazon, Meta Platforms, and Microsoft—are set to report earnings.

CNBC - These four companies increased full-year capital expenditures by $94 billion in their last report.

WHEN:

CNBC - The conclusion of the April Fed policy meeting is expected to occur after the earnings reports on Wednesday.

CNBC - Jerome Powell's term as Fed chair ends in May.

WHY:

CNBC - Investors are awaiting earnings reports to justify the capital spent on artificial intelligence investments by the tech companies.

HOW:

CNBC - The market does not expect the Federal Reserve to make any adjustments to the current federal funds rate during the upcoming meeting.

(UPDATED April 29, 2026 13:21 UTC)

Nasdaq 100 futures are on the rise as over $14 trillion in market capitalization is set to report after the market close, with major companies like Meta, Microsoft, Amazon, and Alphabet in the spotlight. Meanwhile, stocks took a hit, primarily due to losses in the technology sector following OpenAI's miss on its revenue and user growth targets, which has also affected Oracle, a company with a significant $300 billion, five-year partnership with OpenAI. Investors will be closely watching these developments as they unfold.

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(UPDATED April 29, 2026 05:52 UTC)

Jerome Powell is currently the Federal Reserve chair, but Kevin Warsh is expected to succeed him when his term ends in May. In the markets, S&P 500 futures were flat with a slight gain of 0.1%, while the Dow Jones Industrial Average futures advanced by 63 points, and Starbucks shares surged 5% after raising its full-year outlook. Investors are closely watching upcoming earnings reports from major tech companies, as these will help justify their significant investments in artificial intelligence, with the conclusion of the April Fed policy meeting anticipated to follow these reports on Wednesday.