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Story perspectives

Big Tech Earnings, Fed Hold, Oil Rises, Seven Stocks Outpace

4/28/2026

31 7 Full Breakdown

Summary

Story summary

Alphabet, Amazon, Meta, Microsoft and Apple will report earnings this week, shaping market sentiment.
The Federal Reserve (Fed) meets April 28-29 with a 99% chance rates stay at 3.5%-3.75%.
Brent crude rose 2.44% to $107.90 per barrel after U.S.–Iran talks stalled.
Analysts project Magnificent Seven net income to grow 25% in 2026 versus 11% for the rest of the S&P 500.

History

Historical Context

After OAPEC’s October 1973 oil embargo—led by Saudi King Faisal and prompting a price jump to $11.65 per barrel—Fed Chair Arthur Burns lifted the discount rate to 13% in November. The same mix of tech profit forecasts and energy-driven tightening reappears in April 2024 as Alphabet, Amazon and others report earnings and the Fed meets on April 28-29, shaping market sentiment.

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Story summary

Alphabet, Amazon, Meta, Microsoft and Apple will report earnings this week, shaping market sentiment.
The Federal Reserve (Fed) meets April 28-29 with a 99% chance rates stay at 3.5%-3.75%.
Brent crude rose 2.44% to $107.90 per barrel after U.S.–Iran talks stalled.
Analysts project Magnificent Seven net income to grow 25% in 2026 versus 11% for the rest of the S&P 500.

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