Live Markets: US stocks mixed with megacap earnings, Fed on deck

GE HealthCare Technologies

29/04/2026 15:42

Nasdaq, S&P 500 rise slightly, Dow declines

Energy leads S&P 500 sector gains; Healthcare weakest group

Euro STOXX 600 index off ~0.5%

Dollar, bitcoin rise; US crude rallies ~5%; gold declines >1%

US 10-year Treasury yield rises to ~4.39%

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US STOCKS MIXED WITH MEGACAP EARNINGS, FED ON DECK

U.S. stocks are mixed in the early stages of trading, with investors bracing for a host of earnings from megacap stocks after the close, while markets also await the likely final policy meeting for Jerome Powell as chair of the Federal Reserve.

Quarterly results from Alphabet GOOGL.O, Microsoft MSFT.O, Meta Platforms META.O and Amazon.com AMZN.O - all due after the closing bell on Wednesday - will have investors gauging if the sky-high spending on AI has driven enough growth in cloud computing and advertising to justify the cost.

Markets are completely pricing in the Fed will hold rates steady at its policy announcement at 2 p.m. EDT (1800 GMT), according to CME's FedWatch Tool, as officials debate whether to flag risks of rising inflation due to the U.S.-Israeli war on Iran.

Powell's tenure as Fed chief ends on May 15, but his separate term as a member of the central bank's Washington-based Board of Governors extends to January of 2028.

Fed Chair nominee Kevin Warsh was approved by the Senate Banking Committee, and his nomination now advances to a full Senate vote.

Energy .SPNY is the best-performing sector, as crude prices continue their ascent over worries about an extended disruption to the Strait of Hormuz. On the downside, healthcare .SPXHC is the weakest, weighed down by a plunge of nearly 14% in GE Healthcare GEHC.O after cutting its full-year profit outlook.

Below is an early market snapshot:

(Chuck Mikolajczak)

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EARLIER ON LIVE MARKETS:

GROWTH FLEXES AGAIN AS APRIL RALLY VS VALUE NEARS A DOT-COM-ERA RECORD CLICK HERE

LOCAL ELECTIONS BRING ADDED RISK TO BRITISH MARKETS CLICK HERE

JAPAN'S TECH RALLY PUSHES NIKKEI/TOPIX RATIO TO RECORD CLICK HERE

SOFT START ON BUSY EARNINGS DAY CLICK HERE

EUROPE BEFORE THE BELL: FUTURES SIGNAL A SMALL BOUNCE CLICK HERE

FED SAILS INTO UNCHARTED WATERS AS POWELL BOWS OUT CLICK HERE

Early trade April 29 https://fingfx.thomsonreuters.com/gfx/mkt/byvrnnkgeve/Pasted%20image%201777471204839.png

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