Stock Market Falls As Oil Extends Its Rise; Fed Meeting Looms As Powell Move Is Blocked

Major U.S. stock indices, including the Dow Jones, declined sharply on Friday as geopolitical tensions and rising oil prices weighed on investor sentiment. Oil prices extended their rally amid escalating conflict in Iran, exacerbating inflation concerns and pressuring equities as energy costs surged. The Federal Reserve’s upcoming policy meeting is now under heightened scrutiny after reports suggested Fed Chair Powell’s planned rate adjustments faced internal opposition. Market volatility intensified as traders braced for potential Fed inaction, compounding fears over prolonged inflation and economic slowdown risks. Analysts warn the combination of geopolitical instability, oil shocks, and Fed uncertainty could trigger further sell-offs if no clear monetary policy direction emerges.