Iran Attacks US Bases; Fed Call & AI Earnings Loom | The Opening Trade 7/29/2026

Iran fired on American forces overnight on July 28, 2026, and the US and Saudi Arabia conducted strikes against Tehran-backed militias in Iraq. The US and Iran had paused military operations at the end of the previous week to pursue diplomatic negotiations, which had contributed to a decline in energy prices. US stock markets rose slightly as traders awaited a Federal Reserve interest-rate decision and earnings reports from major artificial intelligence companies.

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