Equities retreat as the Federal Reserve prepares for a 25 basis point rate hike, while oil prices rally and Bitcoin maintains relative stability amid the broader market volatility.
Oil prices surge, likely driven by supply concerns or geopolitical tensions.
Stocks drop on AI concern, with the S&P 500 likely reflecting broad market weakness.
Bitcoin manages small gains while stocks drop and oil surges, showing relative resilience.
The S&P 500 faces intraday pressure as investors pivot toward the Federal Reserve's upcoming two-day policy meeting. Markets widely anticipate a 25 basis point rate hike, fueling broad equity weakness while oil prices surge on supply concerns.
Market participants almost universally expect the Federal Reserve to raise the benchmark policy rate by 25 basis points.