BUSINESSFORTUNE
Dow drops over 1,100 points as sinking tech stocks combine with jumping oil prices to drag markets down
The Dow Jones Industrial Average dropped over 1,100 points as sinking technology stocks and rising oil prices caused by renewed U.S.-Iran conflict and inflation concerns pressured markets. The Federal Reserve kept interest rates steady despite traders betting on a potential hike, while Treasury yields fluctuated amid uncertainty about future Fed policy.
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