Oil Prices Jump, While the Dow Drops More than 1,100 as Sinking AI Stocks Drag Wall Street Lower
Brent crude rose 7.3% as investors cut risk ahead of the Federal Reserve decision and sold chip stocks on worries about higher rates.
- The Federal Reserve voted to hold its benchmark interest rate steady on Wednesday, yet The Dow Jones Industrial Average tumbled 1,153 points as markets braced for uncertainty ahead.
- Oil prices surged 7.3% on Wednesday after fighting resumed in the war with Iran, with President Donald Trump pledging the United States would strike Iran "hard" in retaliation.
- Skepticism over artificial intelligence investments fueled a 10% weekly decline in chip stocks, with Nvidia falling 3.6% and KLA Corp. dropping 10.8% despite reporting strong recent profits.
- Fed Chair Kevin Warsh reiterated commitment to 2% inflation while providing few clues about future rate changes, leaving financial markets vulnerable to volatility.
- Elevated inflation concerns and the war with Iran pushed long-term U.S. mortgage rates to their highest level in nearly a year, while South Korea's Kospi index tumbled 6% on Wednesday.
66 Articles
66 Articles
The Last Times The Dow Fell 1,000 Points And What Happened Next
Traders works on the floor of the New York Stock Exchange (NYSE) at the opening bell on March 5, 2026 in New York City. Angela Weiss | Afp | Getty Images The Dow Jones Industrial Average fell more than 1,000 points on Wednesday after the Federal Reserve decided to keep interest rates steady while U.S. oil neared $85 per barrel. In the last five years, the blue-chip index has closed down more than 1,000 points nine times. Typically, the index te…
Oil prices jump, while the Dow drops more than 1,100 as sinking AI stocks drag Wall Street lower - WXXV News 25
By STAN CHOE NEW YORK (AP) — Oil prices got back to jumping on Wednesday, while sinking technology stocks dragged Wall Street lower amid uncertainty about what the Federal Reserve will do to get high inflation under control. The S&P 500 fell 1.5% after swinging sharply between gains and losses in the last hour of trading. The Dow Jones Industrial Average dropped 1,153 points, or 2.2%, and the Nasdaq composite slumped 1.7% to fall 9.8% below it…
Dow Plunges More Than 1,000 Points as Chip Stocks Sink and Fed Holds Rates Steady
NEW YORK (VINnews) – U.S. stocks sold off sharply Wednesday, with the Dow Jones Industrial Average leading losses amid a continued rout in semiconductor shares, the Federal Reserve’s decision to keep interest rates unchanged and a surge in oil prices linked to Middle East tensions. The Dow closed at 51,617, down 1,150 points, or about […]
Asian Stocks to Fall as Fed Keeps Rates on Hold: Markets Wrap
(Bloomberg) -- Asian stocks were set to track Wall Street lower after renewed concerns over artificial intelligence spending and uncertainty over the Federal Reserve’s policy outlook sent longer-dated Treasury yields to their highest levels in almost two decades.
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