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US stocks end flat as Fed holds rates and oil spikes test inflation fears

Business
Published on 29 April 2026
US stocks end flat as Fed holds rates and oil spikes test inflation fears

A divided Fed vote met stubborn oil-driven inflation worries

Wall Street closed mixed as traders balanced a steady Federal Reserve decision with a divided vote and a jump in crude prices tied to Middle East tensions. Investors kept an eye on inflation signals, while attention shifted to major tech earnings from Amazon, Alphabet, Meta, and Microsoft, setting the stage for the next market move.

  • S&P and Nasdaq ended flat after the Fed held rates steady
  • Oil prices jumped on Middle East tensions, reviving inflation concerns
  • A divided Fed vote added uncertainty despite no rate hike
  • Big tech earnings from major names are the next catalyst
Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic TimesThe Economic Times

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