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US Stocks Climb as Fed Holds Rates, Barclays Targets 7,400

4/29/2026

33 6 Full Breakdown

Summary

Story summary

U.S. stocks rose on Wednesday as Federal Reserve (Fed) meeting on April 29, 2026, with FedWatch indicating a 100% chance rates will stay unchanged.
The yield was 4.36% and 2-yr 3.85%, with oil at $102.98 and Jeremy Siegel saying markets keep climbing if oil stays $90-$100.
Barclays raised its S&P 500 2026 target to 7,400, citing tech earnings and naming AI picks Amazon, Meta Platforms, Oracle, Salesforce, Mercado Libre and Chewy.

History

Historical Context

After the Fed drove the federal-funds target to 0.00-0.25% in September 2008 under Chairman Ben Bernanke to halt the global financial crisis, it later raised rates above 4% during the 2021-2022 inflation surge. By the April 29 2026 meeting, the Fed kept the target at 4.36%, while Barclays lifted its S&P 500 forecast to 7,400, underscoring AI-driven market optimism.

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Story summary

U.S. stocks rose on Wednesday as Federal Reserve (Fed) meeting on April 29, 2026, with FedWatch indicating a 100% chance rates will stay unchanged.
The yield was 4.36% and 2-yr 3.85%, with oil at $102.98 and Jeremy Siegel saying markets keep climbing if oil stays $90-$100.
Barclays raised its S&P 500 2026 target to 7,400, citing tech earnings and naming AI picks Amazon, Meta Platforms, Oracle, Salesforce, Mercado Libre and Chewy.

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