Investors hoped the two-week pause in fighting would ease a global oil shortage.
The anticipated interest rate cuts would deliver relief for many consumers -- but not all of them.
Investors seem nervous about the banking sector as First Republic continues stumbling and SVB Group files for bankruptcy
The Dow opened the day with a decline of more than 500 points Wednesday as banking fears spread across global markets, though the index pared losses to close the day down about 281 points, or 0.9%.
The Dow Jones Industrial Average plunged more than 700 points Monday, as renewed fears over the delta coronavirus variant cast a shadow on the economy's post-pandemic recovery.
The spike in virus cases and the looming threat of further lockdown measures to quell its spread has fueled mounting uncertainty among investors.
