Stocks retreat on Iran, AI concerns as Fed meeting looms

Markets got off to an uneven start in Asian trading on Wednesday as worries about the Iran conflict and health of the AI sector ​dominated ahead of the Federal Reserve's decision and earnings from tech megacap stocks later in the session.

Apr 29, 2026 - 06:00
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Stocks retreat on Iran, AI concerns as Fed meeting looms
Markets got off to an uneven start in Asian trading on Wednesday as worries about the Iran conflict and health of the AI sector ​dominated ahead of the Federal Reserve's decision and earnings from tech megacap stocks later in the session.

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