# Rising oil prices and geopolitical tensions added to economic uncertainty.

*business · news · 2026-03-18 · The Economic Times*

## Key points

- The Federal Reserve now signals only one rate cut for 2024 with no timing given.
- Producer Price Index rose 3.4% year-on-year, significantly above the 2.9% forecast.
- Brent crude surged near $110 after reports of attacks on Iran's oil facilities.
- Nvidia received Beijing's approval to sell its second-most-powerful AI chips in China.
- AMD and Samsung expanded their strategic partnership for AI memory chip supplies.

**Companies:** Nvidia, Micron Technology, Lululemon Athletica, AMD, Samsung Electronics, Apollo Global Management, LyondellBasell Industries, Vistra, Centene
**Countries:** United States, Iran, South Korea

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/markets/us-stocks/news/us-stocks-today-dow-jones-falls-768-points-sp-nasdaq-drop-over-1-3-as-fed-holds-interest-rate/articleshow/129657990.cms)

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