Pre-Market Brief | Wednesday, April 29, 2026
Where Futures Sit
Futures are leaning higher into the most consequential trading day of the month. SPY is up 0.06 percent. QQQ is up 0.21 percent. Tuesday closed lower as oil resumed climbing and traders trimmed risk before the Fed.
Macro Pulse
FOMC decision at 2 PM ET. Powell's final press conference as chair at 2:30 PM ET. CME FedWatch shows 100 percent odds of no change. The Senate Banking Committee votes on Kevin Warsh's chair nomination at 10 AM ET. Durable goods at 8:30 AM ET. Crude is up 3 percent overnight near $103. The 10-year yield ticked up to 4.36 percent. Gold pulled back to $4,566.
Tickers To Watch
MSFT, GOOGL, META, AMZN: Four Mag 7 prints after the close. JPMorgan estimates these names will spend $200 billion combined on AI infrastructure in 2026.
BKNG: Down 4.1 percent premarket. Q2 sales guide of $7.07 to $7.21 billion missed the $7.57 billion consensus.
HOOD: Down 9.6 percent. Q1 revenue of $1.07 billion missed the $1.18 billion estimate. EPS of $0.38 versus $0.46 expected.
ABBV, QCOM, KLAC, GD: Reporting before the bell. Broad read on biotech, semis, and defense.
XLE, XOM, CVX: Energy bid as crude pushes back above $100.
Bottom Line
Today is a pivot day. Powell's last press conference, the Warsh committee vote, and four Mag 7 prints land in a 12-hour window.
ad- Follow the money. Not the headlines.
$440 billion. That's how much Amazon, Google, Meta, and Microsoft are investing in AI this year. In a single year. From just four companies. That's greater than the GDP of 168 countries. And it's on top of the estimated $400 billion they spent last year. Now, I want you to sit with that for a moment because these are the four most powerful, most data-rich, most sophisticated companies on the planet. They don't make $440 billion bets on "maybe."
Read more →
ad- The verdict is in for AI stocks in 2026The verdict is in for AI stocks in 2026 Move your money out of overpriced AI stocks before the tech trade breaks down in 2026. Get into these smaller, lesser-known names that are showing the potential to dethrone the Mag 7 in 2026. Make sure three alternatives to Nvidia, Tesla, and Amazon are on your radar before markets open tomorrow. Get names and tickers here.
Learn More
ad- “This Is Worse Than an AI Bubble…”Editor’s Note: Four major market forces are careening toward each other, and their collision could soon unleash a financial reckoning… one that could make the dot-com crash and the 2008 financial crisis look like child’s play. Popular stocks could crash up to 80-90% according to this former hedge fund manager, our colleague Larry Benedict. Simply go here to watch Larry’s interview
Learn More
ad- Nvidia is Pivoting to Solve Big Tech’s $1 Trillion Problem
I know what Nvidia is going to do next. The massive chip giant just became the third $2 trillion company in the world. It even added $277 billion in market cap in one day. And now, the hottest companies in the world are lining up to work with Nvidia. Because, without Nvidia, there would be no AI as we know it today. And some of these partnerships have already resulted in impressive gains. Like ASML, whose shares are up as much as 471% since partnering with Nvidia …
Read more →
ad- Ghosts of the Dotcom CrashIf the ghosts of the dotcom crash are keeping you up at night... You are correct to be worried. Nvidia has gone nowhere for the last 6 months... Microsoft is down over 20%.... And Oracle, which momentarily made its founder, Larry Ellison, the richest man in the world last year [3] ... Is now down over 50% in just 6 months... But just wait until you see the data I've been looking at. The moves we've seen in America's biggest AI stocks could be just the tip of the iceberg.
Learn More
Disclaimer:
This content is for informational and educational purposes only and does not constitute financial, investment, or trading advice. All opinions expressed are based on publicly available data believed to be reliable but are not guaranteed for accuracy or completeness. Investing and trading involve risk, including the possible loss of principal. Always perform your own due diligence and consult with a qualified financial advisor before making investment decisions. Past performance is not indicative of future results. Paid ads from 3rd parties are clearly identified. We do NOT specifically endorse these products nor are we responsible for the content of these ads. You should assume an affiliate payment will be made to us if you click a link or buy a product.