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US equity indexes fell Wednesday as crude oil prices jumped after Iran's surprise missile attack, wh

(Updates with index/price moves and Federal Reserve/geopolitical news from the first paragraph.)

After a brief relief rally, stock market selling accelerated again heading into the close. The Dow Jones Industrial Average sank 1,000 points, or 1.9%. The S&P 500 fell 1%. The Nasdaq dropped 0.9%. The S&P and Nasdaq both were on pace to mark intraday comebacks but lost steam as traders digested the latest updates from Federal Reserve Chairman Kevin Warsh.

AT&T, Verizon, and T-Mobile took a beating on Wednesday as investors braced for an orbital clash with Elon Musk. Shares of AT&T (NYSE: T) and Verizon (NYSE: VZ) both fell 4%, while T-Mobile (NASDAQ: TMUS) slid 2%, following a Semafor report that SpaceX is plotting a direct assault on the U.S. wireless oligopoly. The rocket titan is actively hunting urban-grade spectrum—either by snapping up rivals or crashing next year’s federal auction—to build out dense coverage in major cities. The selloff hi

The S&P 500 and Nasdaq Composite were struggling to hold onto gains as after Fed Chairman Kevin Warsh took questions from reporters. The S&P 500 was back down 0.2% after briefly popping during Warsh’s presser. The Nasdaq was up just 0.1%.

GE Vernova, the power-focused spinoff of General Electric, is emerging as a key supplier to the fast growing AI data center sector. Demand for its gas turbines is rising as hyperscale AI projects seek reliable power solutions for energy intensive infrastructure. The business has seen a substantial move in market value as investors reassess its role in global AI infrastructure. General Electric, ticker NYSE:GE, now sits at the center of two stories: the long established industrial group and...

The Nasdaq Composite is mounting its biggest comeback on a Federal Reserve decision day in more than four years. The tech-heavy index was up 0.4% as Fed Chairman Kevin Warsh took questions from reporters. It was down nearly 1.6% at its low today; if it closes higher, it would mark its biggest reversal from an intraday low to positive territory on a Fed decision day since May 4, 2022, according to Dow Jones Market Data.

The S&P 500 is trading up around 0.1%, erasing a decline of 1.2% at today’s low. The move came as Fed Chairman Kevin Warsh takes questions from reporters. If the index closes in positive terriory, it will be the biggest reversal into positive terriotry on a Fed decision-day since 2003, according to Dow Jones Market Data.

Sportsbooks are using federal exchanges to offer sports contracts in states where their own books are banned.

As Federal Reserve Chairman Kevin Warsh began his press conference, stocks had erased most of their post-decision pop. The Dow Jones Industrial Average was down 775 points, or 1.5%. The S&P 500 was down 0.

Wall Street Selloff Deepens as Oil Soars and Fed Decision Looms

The U.S. Federal Trade Commission on Wednesday sued the telehealth company over allegations it shared sensitive user health data with advertisers.

The bond market got a bit of relief after the Fed left short-term rates steady again. Yields on two-year Treasuries fell by as much as four basis points after Wednesday's Fed decision to 4.252%, compared with the previous close. Yields had been higher most of the day leading up to the interest-rate announcement.

Ford increased its annual outlook as demand for higher-priced pickups helped offset tariffs and weaker electric-vehicle performance.

The Fed announced that it will hold key interest rates at 3.50% to 3.75%.

US benchmark equity indexes fell intraday as traders awaited the Federal Reserve's policy decision a

The Federal Reserve opted to keep short-term interest rates steady again on Wednesday. At the conclusion of a two-day policy meeting, the Federal Open Market Committee voted to keep its target for the federal-funds rate at 3.5% to 3.75% for the fifth straight meeting. Ahead of the announcement, the interest-rate futures market had the odds at 71% that officials would keep rates unchanged.

(Updates with index/price moves and Fed/company/geopolitical news from the first paragraph.) US e

Goldman’s stock, which fell 4.6%, was on track for its worst performance in two months. Morgan Stanley, JPMorgan, and Bank of America—all of which hit records this month, too—dropped 3.4%, 2.3%, and 1.2%, respectively on Wednesday. Citi was down 3.3%, and Wells Fargo dropped 2%.

The telehealth provider shared patient health information with Snap and Meta, a federal complaint says.

Lee argued that the Fed’s policy announcement itself could remove a layer of uncertainty that has weighed on markets in recent weeks.

With an hour to go until the Federal Reserve’s big rate-cut decision, the stock market is already selling off. The Dow Jones Industrial Average was down 823 points, or 1.6%. The Nasdaq Composite dropped 1%.

(Updates with index/price moves and Fed/company/geopolitical news from the first paragraph.) US e

Chip stocks extended a losing streak while traders await Fed Chair Kevin Warsh's rate announcement Wednesday afternoon

As the Federal Reserve gets set to release its monetary policy update at 2 p.m. ET, followed a half hour later by Chairman Kevin Warsh's news conference, Wall Street is the unusual position of not knowing what will happen. Prior to Warsh, Wall Street has typically been near certain about what the Fed would do, reflected by markets pricing in around 90% or higher odds of the expected result. The S&P 500 is sharply lower ahead of the Fed reveal, amid rebounding oil prices and the ongoing sell-off in AI and chip names.

Berkshire Hathaway would be one of the biggest corporate winners if the Federal Reserve boosts short-term rates this year, given its enormous holdings of Treasury bills and other cash equivalents. At the end of the first quarter, Berkshire was sitting on about $374 billion of cash and equivalents. Berkshire has the largest cash position of any U.S. company and is one the biggest holders of U.S. Treasury bills in the world.

Federal regulators have given Adobe the green light to proceed with its acquisition of Topaz Labs, clearing antitrust hurdles ahead of schedule.

Federal Trade Commission is suing Hims & Hers ‌alleging the telehealth platform shared users' health ‌data with online advertisers despite promising privacy and engaged in ​deceptive billing and cancellation practices, an FTC spokesperson said. Hims & Hers is one of the largest telehealth players in the market for weight loss drugs.

The U.S. Federal Trade Commission sued Hims & Hers on Wednesday alleging the telehealth platform shared ‌users' health data with online advertisers, despite promising privacy, and engaged ‌in deceptive billing and cancellation practices. Hims & Hers stock added to losses after ‌the news and was ⁠trading down around 12%. ⁠The company offers telehealth appointments and prescriptions for erectile dysfunction, hair loss, and mental health medications, which it ships straight to customers.

Those who stay patient and disciplined, while ignoring the noise, will find that the market stacks the odds in their favor.