Quartz·1 min read·medium
The Dow is now down 900 points as oil surges ahead of the Fed's decision
✦AI Summary
The Dow Jones Industrial Average dropped 900 points as oil prices surged and investors prepared for a Federal Reserve interest rate announcement. Chip stocks were noted as a significant contributor to the market's downward trend.
Chip stocks extended a losing streak while traders await Fed Chair Kevin Warsh's rate announcement Wednesday afternoon
businesseconomy
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