Gotrade News - Wall Street closed mixed on Wednesday (April 29, 2026) after the Federal Reserve held its benchmark rate steady in the 3.5%-3.75% range. The Dow Jones slid 0.57% to 48,861.81, the S&P 500 dipped 0.04%, while the Nasdaq Composite eked out a 0.04% gain to 24,673.24.
According to Liputan6, the session marked the Dow's fifth straight day of losses. Investors stayed cautious ahead of quarterly earnings from four Magnificent Seven members reporting after the closing bell.
Key Takeaways
- Dow Jones slid 0.57% to 48,861.81 while the Nasdaq Composite edged up 0.04% to 24,673.24.
- The Fed held rates at 3.5%-3.75% on a divided 8-4 vote, the first such split since 1992.
- Four Magnificent Seven names, Alphabet, Amazon, Meta, and Microsoft, reported earnings after the close.
Fed Signals and an Oil Price Surge
Fed Chair Jerome Powell warned that elevated oil prices would push headline inflation higher in the near term. The 8-4 FOMC split was the first such dissent since October 1992, signaling a clear internal tug-of-war over the path of monetary policy.
According to Metro TV, West Texas Intermediate crude jumped 6.95% to USD106.88 per barrel and Brent rose 6.08% to USD118.03 per barrel. The move lifted the energy sector by 2.35% and reinforced inflation pressure that has stayed above the 2% target for five years.
Big Tech Anchors the Nasdaq
The Nasdaq's slim gain rested on expectations for strong quarterly prints from Alphabet, Amazon, Meta, and Microsoft. We see investors parking capital in mega-cap tech as a hedge against the volatility tied to rate-policy uncertainty.
Single-stock action was sharp, with NXP Semiconductors surging 25.5% and Seagate Technology climbing 11.1% on stronger-than-expected earnings. On the other side, SoFi Technologies slumped 15% and Robinhood Markets fell 13.24% in the same session.
Sources
Liputan6, Wall Street Beragam Usai The Fed Tahan Suku Bunga, 2026. Metro TV, Wall Street Bervariasi, Cuma Nasdaq yang Masih Raup Cuan, 2026.
