Oil Prices Soar as US Stocks Slide Ahead of Fed Rate Decision
Oil prices surged on Wednesday, while technology stocks took a hit as investors await the Federal Reserve's decision on interest rates.
The S&P 500 index dropped by 1%, with the Dow Jones Industrial Average down 878 points or 1.7% as of 12:43 p.m. Eastern time. The Nasdaq composite also fell, declining 1.2%.