Wall Street falls as oil prices rise
U.S. stocks declined as oil prices rose, tensions in the Middle East increased, and investors awaited the Federal Reserve's decision on interest rates. The Dow Jones Industrial Average dropped by 0.73%, the S&P 500 by 0.14%, and the Nasdaq by 0.15%. This came after U.S. Central Command announced it intercepted Iranian missiles launched in an attempt to target U.S. forces in the Middle East, following President Trump's statements about a strong response to Iran. Investors expect the Fed to keep interest rates steady at 3.5% - 3.75%, while monitoring the impact on markets—especially with a decline in chip stocks and mixed corporate earnings results—though stocks of companies like Ford rose due to beating expectations.
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