Market Open: Stocks Fall, Oil Surges as Trump Threatens Iran • 7/29/26

Summary

Stocks opened lower as oil prices surged nearly 7% after Trump threatened Iran, while investors awaited the Fed rate decision. Jim Cramer warned sustained high oil could push inflation to 4-6%. Katie Stockton pointed to the Nasdaq's correction and deteriorating S&P 500 momentum as a bearish signal, and the market priced a high probability of a Fed hold.

• Dow, S&P 500, and Nasdaq decline at the open amid geopolitical tensions
• US crude oil jumps almost 7% after Trump threatens Iran over an attack on US forces
• Jim Cramer cautions that prolonged elevated oil could drive inflation sharply higher to 4-6%
• CME FedWatch shows over 70% probability of a rate hold at the upcoming Fed decision
• Katie Stockton highlights the Nasdaq correction and S&P 500 momentum loss as bearish for equities
• Bond yields tick higher ahead of the Fed decision, while mortgage rates decline slightly
• Microsoft and Meta earnings are due after the closing bell