On April 27, 2026, the S&P 500 Index remained unchanged, while the Dow Jones Industrial Average rose by 0.09%, and the Nasdaq 100 Index decreased by 0.10%. Crude oil prices surged by over 2% following President Trump’s cancellation of negotiations with Iran, which threatened global energy supplies via the crucial Strait of Hormuz, where approximately 20% of the world’s oil transits. Goldman Sachs indicated that crude output in the Persian Gulf had dropped by about 14.5 million barrels per day, exacerbating potential energy crises.
In corporate news, Qualcomm’s shares increased by more than 3% after reports of collaboration with OpenAI and MediaTek on smartphone processors. Meanwhile, notable technology stocks faced mixed results; Microsoft announced it would cease exclusive revenue payments to OpenAI, resulting in a loss of over 1% in its stock. Conversely, Micron Technology gained over 5% after Melius Research began coverage with a buy recommendation.
The Senate is expected to vote on Kevin Warsh’s nomination as the new Fed Chair on Wednesday after Senator Thom Tillis reversed his opposition. Markets currently predict no immediate changes in interest rates following the Federal Open Market Committee’s upcoming policy meeting.
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