Oil Spikes 7%, Nasdaq 100 Sinks Before Fed: Stock Market Today
Crude surges 7% as Trump vows strikes on Iran and stocks slide ahead of the Fed's decision, with earnings crushing Parsons, Lennox, Watsco and Vertiv.
Oil prices jumped because of news about Iran, and stock investors got nervous waiting to hear what the Federal Reserve will do next. When people feel unsure about big events, they often sell stocks, which is what happened today.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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