As Oil Prices Keep Spurting Higher, U.S. Stocks Tick Lower

On Wednesday, the U.S. stock market ticked lower with the countdown to an afternoon announcement coming from the Federal Reserve on what it would do with interest rates. Oil prices, meanwhile, continued to spurt higher because of the U.S./Israel war with Iran.

The S&P 500 slipped 0.2 percent, a day after falling from its all-time high due to drops for artificial-intelligence stocks and worries about higher oil prices. The Dow Jones Industrial Average was down 97 points, or 0.2 percent, as of 9:35 a.m. Eastern time; meanwhile, the Nasdaq composite was 0.4 percent lower.

Another procession of profit reports from companies showing stronger growth for the start of 2026 than analysts expected helped support the market.

Please select this link to read the complete article from The Associated Press.