Markets tumble as Fed holds rates steady amid inflation concerns and geopolitical tensions. The Dow plunged over 750 points to a new 2026 low as investors grapple with stagflation fears and uncertainty from the Iran conflict. The Federal Reserve maintained its current rate stance, signaling that inflation remains elevated and energy supply disruptions from Iran's attack on Qatar's key gas facility pose ongoing risks. Fed Chair Jerome Powell confirmed he will remain in his position unless his successor Kevin Warsh is confirmed by May. Despite market headwinds, artificial intelligence continues driving select sectors higher. Micron delivered exceptional results with revenue nearly tripling on robust AI-driven memory demand. In China, tech companies like Tencent posted strong earnings as policymakers accelerate AI adoption through OpenClaw initiatives.
