- Wall Street's major averages declined on Wednesday as investors awaited the Federal Reserve's monetary policy announcement.
- The benchmark S&P 500 fell 0.4%, the Nasdaq Composite dropped 0.5%, and the Nasdaq 100 entered correction territory.
- Oil prices rose due to renewed hostilities in the Middle East, which negatively impacted trader sentiment.
- Major publicly traded companies are scheduled to release their quarterly earnings reports on July 29, 2026.
- The morning earnings reports feature companies such as SOFI, PG, VRT, TEVA, LMND, GD, and LHX.
- The afternoon reports include key market players like META, MSFT, QCOM, HOOD, SBUX, ARM, LRCX, and CMG.