CNBC4/29/2026Business
Market Pullback Continues as Oil Rises; Fed Dissent Record; Boeing Falls on Airbus Deal
Cramer's homestretch: Fed's 8-4 vote most divided since 1992, PCE inflation data ahead, big tech earnings tonight
Quick Look
- Stocks retreated for a second consecutive day as oil prices climbed, with WTI crude topping $107 and gasoline at $4.23/gallon.
- The Fed's FOMC meeting produced an 8-4 vote against rate cuts—the most divided since 1992—with four dissents.
- Boeing fell over 3% after China Southern ordered 137 Airbus jets worth $21.37B, while the Club remains optimistic about a potential Boeing order from China tied to the Trump-Xi summit.
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Stocks retreated for a second consecutive day as oil prices climbed, with WTI crude topping $107 and gasoline at $4.23/gallon. The Fed's FOMC meeting produced an 8-4 vote against rate cuts—the most divided since 1992—with four dissents. Boeing fell over 3% after China Southern ordered 137 Airbus jets worth $21.37B, while the Club remains optimistic about a potential Boeing order from China tied to the Trump-Xi summit. Big tech earnings from Amazon, Alphabet, Meta, and Microsoft await tonight, alongside PCE inflation data.
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This article was originally published by CNBC.
