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Dow falls for fifth straight day as oil surges and Fed holds rates
Wall Street closed mixed on Wednesday as investors navigated a confluence of market-moving forces: surging crude oil prices driven by an escalating US blockade of Iranian ports, a Federal Reserve interest rate decision that proved more divided than expected, and high-stakes earnings from four of the "Magnificent Seven" technology giants reported after the closing bell. The Dow Jones Industrial Average fell 280.12 points, or 0.57%, to close at 48,861.81, notching its fifth consecutive losing sess
Wall Street closed mixed on Wednesday as investors navigated a confluence of market-moving forces: surging crude oil prices driven by an escalating US blockade of Iranian ports, a Federal Reserve interest rate decision that proved more divided than expected, and high-stakes earnings from four of the "Magnificent Seven" technology giants reported after the closing bell. The Dow Jones Industrial Average fell 280.12 points, or 0.57%, to close at 48,861.81, notching its fifth consecutive losing session.