Fed Rate Hold Triggers Savage Late-Day Selloff | Market Recap [2026-07-29]

The Federal Reserve's hawkish rate hold and three-way dissent triggered a sharp late-day reversal in US equities, erasing early gains to push the S&P 500 near session lows. Concurrently, a severe escalation in the Middle East—including ballistic missile strikes on a US base in Jordan and drone attacks on LNG terminals—spurred a massive safe-haven rally in gold and sent crude oil soaring. Investors also digested a major tech stock pullback alongside staggering post-close capital expenditure disclosures from Microsoft and Meta. Financial Disclaimer: This content is for educational and informational purposes only and does not constitute financial advice. It is not a recommendation to buy, sell, or hold any asset. You should not rely on this information as a substitute for, nor does it replace, professional financial, tax, or legal advice. Investing involves risk, including the potential loss of principal. Past performance is not a guarantee of future results. AI Disclaimer: This episode was generated with Gemini and NotebookLM under human supervision. It may contain errors or omissions due to model/context-window limits or unreliable sources. Please verify critical facts with primary sources. Chapters 00:00:00 - Opening 00:01:35 - Session 1: what set the stage before the U.S. session 00:06:24 - Session 2: what moved markets during U.S. trading hours 00:10:14 - Session 3: corporate events recap and what to watch next 00:12:53 - Closing-bell joke Primary Sources: Federal Reserve Leaves Interest Rates Unchanged Amid Hawkish Three-Way Dissent: https://www.federalreserve.gov/newsev... Iran Launches Ballistic Missiles at U.S. Jordan Base Sparking Severe Retaliation Warnings: https://apnews.com/article/e31d249ba6... Coordinated U.S.-Saudi Precision Strikes on Iran-Backed Militias in Iraq Kill Twenty: https://www.centcom.mil/MEDIA/PUBLIC-... Drone Attacks on Damietta Port LNG Tankers Disrupt Global Energy Infrastructure: https://www.reuters.com/world/middle-... Houthis Threaten Red Sea Fees and Tanker Seizures Rocket Global Crude Prices: https://www.business-standard.com/amp... Taiwan Stock Market Collapses Five Percent as Global Semiconductor Downturn Intensifies: https://ca.marketscreener.com/news/ts... South Korea Pledges Stock Market Stabilization Measures and Caps Leveraged ETF Exposure: https://fsc.go.kr/eng/pr010101/87354?... US Sanctions Chinese Entities and Tankers to Block Iran's Hormuz Oil Monetization: https://home.treasury.gov/news/press-... Big Tech Post-Close Earnings Reveal Staggering Capital Spending and AI Monetization Plans: https://www.microsoft.com/en-us/inves... EIA Reports Massive Depletion of US Crude Inventories to Seven-Year Low: https://www.eia.gov/petroleum/supply/... Hashtags: #MarketRecap #Stocks #Macro #FedDecision #GoldRally #MarketSelloff