Dow Drops 900 Points as Losses Accelerate Ahead of Fed Decision
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- Dow Jones fell 900 points as losses accelerated ahead of the Federal Reserve's interest-rate decision, with the FOMC meeting underway and Warsh weighing in on the rate call.
- Broader market indexes tumbled on geopolitical tensions and a chip stock selloff, while oil prices jumped — the inverse of the equity move.
Why it matters: A 900-point Dow drop on the eve of an FOMC rate decision signals deep market anxiety about the Fed's path, and the divergent move — equities down, oil up — points to a risk-off repricing driven by geopolitics and chip-sector weakness rather than a single Fed-related catalyst.
