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The Morning Bull – US Market Morning Update Wednesday, Apr, 29 2026

E-mini S&P 500 futures are little changed, with a gain of about 0.01%, as investors weigh steady interest rates against rising costs and geopolitical risks. The US Federal Reserve is expected to keep its key rate on hold, while the 10 year Treasury yield sits near 4.35%, a level that keeps borrowing costs for mortgages, credit cards, and businesses relatively high. At the same time, oil is in focus after US crude stockpiles fell by 1.79 million barrels and markets track Middle East tensions. Together, these factors keep energy related inflation risks in view and place rate sensitive sectors such as housing and utilities under the spotlight.

With rates staying high and inflation risks tied to energy, many investors are rotating toward 72 resilient stocks with low risk scores.

Top Movers

• Centene (CNC) jumped 13.95% after an earnings update and analyst upgrades focused on margins.

• Revolution Medicines (RVMD) climbed 9.99% following recent attention on its intellectual property dispute and coverage.

• AvalonBay Communities (AVB) gained 5.29% after a Q1 earnings report and progress on its share repurchase programs.

Is Centene still a smart investment or just hype? Read our most popular narrative and get all the answers you need.

Top Losers

• Spotify Technology (SPOT) fell 12.43% after Q1 results and several price target cuts from brokers.

• Corning (GLW) declined 8.90% despite reporting higher Q1 sales and earnings.

• Credo Technology Group Holding (CRDO) dropped 8.08%.

Look past the noise – uncover the top narrative that explains what truly matters for Spotify Technology’s long-term success.

On The Radar

Attention stays on the Fed decision today, with big tech and energy earnings shaping the next two sessions.

• Fed decision on Wednesday will set the tone for rates, borrowing costs, and appetite for interest sensitive sectors.

• Tech heavyweights: Microsoft (MSFT), Alphabet (GOOGL), Meta Platforms (META), QUALCOMM (QCOM) report Wednesday, giving a read on digital spending and AI related demand.

• Health care focus: AbbVie (ABBV), Biogen (BIIB), Regeneron Pharmaceuticals (REGN) on Wednesday, with attention on pipelines, pricing and R&D spending.

• Energy majors: Exxon Mobil (XOM), ConocoPhillips (COP), Valero Energy (VLO), Phillips 66 (PSX) report from Wednesday to Thursday, linking earnings with oil price moves and capital allocation.

• Consumer staples: Colgate-Palmolive (CL), Altria Group (MO), Hershey (HSY) report Thursday and Friday, showing how branded goods handle cost pressures and demand sensitivity.