Commodities
US Stocks Plummet as Oil Prices Soar and Fed Decision Looms
The US stock market closed on Wednesday, July 29, with a decline of 0.70% in the S&P 500 index to 7,377.29.
This drop was attributed to various factors, including rising oil prices, weak performance from chip stocks, and uncertainty regarding the upcoming Federal Reserve interest rate decision.
The Dow Jones Industrial Average fell by 1.50%, while the Nasdaq Composite Index declined by 0.92%.
Among the S&P 500 index's top performers were ADP, Mondelez, EOG Resources, Accenture, and Intuit, with gains ranging from 3.81% to 4.82%.