Morning Market Brief - 2026-04-29

Morning Market Brief - 2026-04-29

The U.S. Dollar Index (DXY) has recently experienced fluctuations, impacting various asset classes and emerging markets. As of April 29, 2026, the DXY stands at 98.69, reflecting a modest increase from previous lows. This movement is influenced by geopolitical tensions, particularly in the Middle East, and upcoming Federal Reserve policy decisions.

U.S. Indices

U.S. equity markets closed lower on April 28, 2026:

• S&P 500 [ETF](https://aksoycapital.com/glossary/exchange-traded-fund-etf.html) (SPY): $711.69, down 0.49%
• Nasdaq 100 ETF (QQQ): $657.55, down 1.01%
• Dow Jones ETF (DIA): $491.42, down 0.08%
• Russell 2000 ETF (IWM): $273.91, down 1.17%
• Total Market ETF (VTI): $350.63, down 0.54%

Top Movers

Top Gainers:

• Coca-Cola (KO): $78.35, up 3.86%
• UnitedHealth Group (UNH): $366.77, up 3.41%
• Philip Morris International (PM): $165.89, up 3.10%
• J.M. Smucker Company (SJM): $98.05, up 2.85%
• Altria Group (MO): $67.80, up 2.73%

Top Losers:

• Spotify Technology (SPOT): $434.20, down 12.43%
• Zimmer Biomet Holdings (ZBH): $82.80, down 10.57%
• Corning Inc. (GLW): $153.05, down 8.90%
• Applied Materials (AMAT): $381.11, down 5.87%
• Teradyne Inc. (TER): $380.13, down 5.44%

Global Markets

International markets closed mixed on April 28, 2026:

• FTSE 100 (UK): 10,248.75, down 0.81%
• DAX (Germany): 23,993.74, down 0.10%
• CAC 40 (France): 8,067.79, down 0.45%
• Euro Stoxx 50: 5,818.84, down 0.30%
• Nikkei 225 (Japan): 59,917.46, down 1.02%
• Hang Seng (Hong Kong): 26,111.84, up 1.68%
• Shanghai Composite (China): 4,107.51, up 0.71%
• TSX Composite (Canada): 33,584.30, down 0.69%

Commodities

Commodity markets exhibited mixed performance on April 28, 2026:

• WTI Crude Oil: $102.94, up 3.01%
• Brent Crude: $107.22, down 3.63%
• Natural Gas: $2.66, up 4.03%
• Gold: $4,580.70, down 0.24%
• [Silver](https://aksoycapital.com/glossary/silver.html): $73.18, down 0.04%
• Platinum: $1,926.90, down 0.79%
• Copper: $5.99, up 1.31%

Money Market / Rates Curve

Key interest rates as of April 28, 2026:

• Fed Funds Rate: 3.64%
• [SOFR](https://aksoycapital.com/glossary/sofr.html) (Overnight): 3.66%
• 1-Month [T-Bill](https://aksoycapital.com/glossary/t-bill.html): 3.70%
• 3-Month T-Bill: 3.68%
• 6-Month T-Bill: 3.72%
• 1-Year Treasury: 3.69%
• 10-Year TIPS Real Yield: 1.91%

Macro and FX

Market indicators as of April 28, 2026:

• VIX: 18.02
• 10-Year Treasury Yield: 4.35%
• 2-Year Treasury Yield: 3.78%
• 10Y-2Y Spread: 0.57 percentage points
• DXY (Dollar Index): 98.69
• Fed Funds Rate: 3.64%

Crypto

Cryptocurrency markets on April 28, 2026:

• Bitcoin (BTC-USD): $77,559.36, up 1.58%
• Ethereum (ETH-USD): $2,331.