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Oil prices jump, while US stocks trim their losses after the Fed leaves rates alone

NEW YORK (AP) — Oil prices are back to jumping on Wednesday, while the U. S. stock market trimmed its losses after the Federal Reserve decision opted not to raise interest rates to battle inflation. The S&P 500 fell 0. 3% after earlier dropping as much as 1. 2%. The Dow Jones Industrial Average was down 640 points, or 1. 2%, as of 2:05 p. m. Eastern time, and the Nasdaq composite was 0. 1% lower. The action was stronger in the oil market, where the price of Brent crude leaped 7. 1% to $87. a...

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