Fed Holds Rates, Iran War Escalates: Stocks Plunge

U.S. stocks fell sharply after the Federal Reserve decided to keep interest rates unchanged. The central bank signaled that rate hikes may still come later this year. Investors also grew anxious as the war in Iran intensified. The combination of steady rates and rising geopolitical tensions pushed markets lower. Traders now worry that higher borrowing costs could slow the economy, while conflict in the Middle East threatens global stability. The Dow, S&P 500, and Nasdaq all closed in the red.