Oil Rises after Iranian Attacks; Big Tech Earnings; Fed Decision | Bloomberg Brief 07/29/2026

US equity futures showed mixed movement ahead of earnings reports from Microsoft, Meta, and Qualcomm, as well as a Federal Reserve rate decision. SK Hynix announced a sharp increase in capital spending. Oil prices rose after the US intercepted an Iranian attack on military bases. The Federal Reserve was scheduled to announce its rate decision following the market developments.

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