Dow rises 200 points as oil falls and chip stocks rally ahead of a Fed decision

What happened: The Dow rose 200 points as oil prices fell and chip and AI stocks rallied ahead of a Federal Reserve decision. Anthropic filed for an IPO. Key numbers: Dow up 200 points. Traders see a 90% chance the Fed holds rates on Wednesday. Why it matters: The move reflects trader expectations that the Fed will keep rates unchanged, with chip and AI shares gaining alongside the Anthropic IPO filing. Coverage: 6 outlets in 24h

The Dow rose 200 points as oil prices fell and chip and AI stocks rallied ahead of a Federal Reserve decision. Anthropic filed for an IPO.

The move reflects trader expectations that the Fed will keep rates unchanged, with chip and AI shares gaining alongside the Anthropic IPO filing.