Markets on Edge as Fed Decision Looms Large Amid Middle East Tensions The Dow Jones Industrial Average plummeted by 1. 2% over the past 48 hours, while the tech heavy Nasdaq Composite shed 0. 4%.
The Federal Reserve's impending interest rate decision is a likely culprit, but it's not the only factor at play.
Tensions in the Middle East have sent shockwaves through the oil market, with Brent crude surging over 7% to trade above $90 per barrel.