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The Daily Wrap – April 29, 2026


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The global energy market is in turmoil as the UAE announces its exit from OPEC and new U.S. threats against Iran push oil prices higher, creating a challenging backdrop for the Federal Reserve's latest policy meeting. Corporate earnings have delivered mixed results, with strong reports from companies like UBS, General Dynamics, and Visa contrasting with a significant miss from Robinhood due to a slump in crypto trading. The market is now holding its breath for after-the-bell earnings from tech giants Amazon, Alphabet, Meta, and Microsoft, with investors focused on whether AI monetization can outpace rising costs

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