Outlook 04/29: Stock futures are relatively unchanged on Wednesday, while oil prices continued their rally amid a U.S. blockade of Iranian ports. Traders also awaited the conclusion of what could be Jerome Powell’s final policy meeting as Federal Reserve chair as well as quarterly earnings from four of the “Mag 7”. Investors will be watching for any commentary from the Federal Reserve on inflation amid the conflict in the Middle East This FOMC will mark the conclusion of the April Fed policy meeting which will likely be Powell’s last at the helm before his term as chair ends in May. Later Wednesday, tech titans are on the docket to report their earnings after the closing bell: Alphabet, Amazon, Meta Platforms and Microsoft.
ESM26 (Jun2026): YVAH 7175 YPOC 7170 YVAL 7154 GAP 7173
/ES Plan: Yesterday market closed balanced, and overnight continues on that way, moving within previous value, so these're the opening and initial balance options for current session:
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