Market Indexes Tumble on Geopolitical Tensions and Chip Stock Selloff
Well, so much for that brief moment of Middle East calm. U.S. stocks fell sharply in midday trading Wednesday as geopolitical tensions reignited and investors positioned ahead of the Federal Reserve’s 2:00 p.m. ET policy decision. The Dow Jones Industrial Average (^DJI -1.47%) is down 1.7% at mid-day, led lower by Caterpillar (CAT -6.83%) dropping…