Wall Street stocks fall as oil prices surge and Fed meeting looms

On Tuesday, Wall Street closed lower as investors focused on the Federal Reserve's upcoming policy decision and rising oil prices. The Dow Jones fell 0.63% to 52,093, the S&P 500 dropped 0.45% to 7,585, and the Nasdaq declined 0.78% to 25,981. West Texas Intermediate crude oil surged 4.4% to $105.83 per barrel, its highest since May, amid concerns over the US-Iran conflict. Treasury bond yields rose on inflation fears. The energy sector gained 2.3%, while consumer discretionary and utilities fell. The Fed's meeting concludes Wednesday, with an interest rate decision expected.