kabutan

U.S. stocks on the 29th: Dow falls 280 points, weighed down by rising oil prices

Thu Apr 30, 2026 8:22 am JST Market

On the 29th, U.S. stocks fell, with the Dow Jones Industrial Average down 280.12 points to 48,861.81, marking its fifth consecutive decline. As reports emerged that President Trump instructed aides to prepare for a long-term blockade of Iranian ports, U.S. crude oil futures rose, weighing on equity markets. The Federal Reserve concluded its Federal Open Market Committee (FOMC) meeting held through that day, keeping policy rates unchanged in line with market consensus. However, three members dissented against adding dovish language to the statement. Including Governor Milan, who called for a rate cut, a total of four members opposed, highlighting uncertainty over future monetary policy. Nevertheless, the Nasdaq Composite Index finished flat as investors awaited earnings reports from major U.S. tech companies.

Goldman Sachs Group , Boeing , and IBM declined. Eli Lilly saw lackluster trading, and Vistra lowered its price level. On the other hand, Visa surged. Chevron gained, while Rush Street Interactive and Bloom Energy jumped.

The Nasdaq Composite Index rose 9.44 points to 24,673.24, posting a modest rebound. Advanced Micro Devices was bought, while Intel , Seagate Technology Holdings , and Biogen surged. Starbucks and Porch Group were higher. Meanwhile, NVIDIA weakened. Insulet fell sharply.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

Related Articles