Markets are buzzing amid geopolitical chaos as Iran launches a surprise attack, sending oil prices soaring over 3%. Meanwhile, South Korea’s stock market plummets nearly 6% as AI-driven chip stocks take a hit, despite SK Hynix’s big profit jump. With the Fed’s pivotal interest rate decision looming at 2 PM ET — and inflation still stubbornly high — markets brace for a potential surprise rate hike. Add in major earnings reports from Procter & Gamble, Starbucks, Chipotle, Qualcomm, and Arm Holdings, and you’ve got a high-stakes day packed with drama, data, and decisions.
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