US Stocks Plummet as Treasury Yields Reach 2007 High Ahead of Fed Rate Decision

The US stock market saw significant losses on Tuesday as investors looked ahead to the Federal Reserve's interest-rate decision. The Dow Jones Industrial Average fell by 330.74 points, or 0.63%, to 52,090.46.

The broader decline came as investors assessed the potential impact of higher interest rates, rising oil prices and inflation concerns linked to the ongoing US-Iran war.

Treasury yields have remained a key focus for equity markets as government bonds have sold off amid concerns that higher energy prices could fuel inflation and encourage central banks to maintain a hawkish policy stance.