β οΈ Dow crashes 1,153 pts β worst day since April 2025 as Fed holds and Iran tensions flare
Wednesday was a brutal day on Wall Street: the Dow lost 1,153 points (-2.19%) to 51,594, the S&P 500 slid -1.52% to 7,316, and the Nasdaq fell -1.74% to 24,443 β now in correction, more than 11% off its all-time high. The Fed held rates steady and bond markets balked, sending the 10-year Treasury yield up 7 bps above 4.67%, while a surprise Iranian attack on US troops drove oil prices higher and reignited inflation fears. With Apple and Amazon both reporting Thursday after the bell, do you think markets get a relief bounce β or is there more downside ahead? Not financial advice.