Markets Rebound Amid Geopolitical Tensions and Interest Rate Decision

The global market continues to navigate geopolitical tensions and interest rate decisions. The US carried out a series of air strikes against Iran's Islamic Revolutionary Guard Corps, escalating the conflict in the Middle East.

The Federal Reserve kept interest rates on hold at 3.5-3.75%, with Chairman Kevin Warsh describing it as a 'family squabble' and emphasizing a move away from clear guidance on policy. The decision sparked a market reaction, with the Dow falling by 1,153 points (-2.19%) and the Nasdaq Composite dropping by 1.74%.

The focus has shifted to Big Tech earnings, with Meta and Microsoft reporting their quarterly results. Meta's shares fell around 10-11% after announcing increased spending on AI and plummeting free cash flow, while Microsoft gained around 7-8% in after-hours trading due to a 43% rise in Azure revenue.