Fed Meeting Sparks Midday Market Plunge

U.S. equities fell at midday as the Federal Reserve began its two-day policy meeting, with a decision on interest rates expected tomorrow. Walt Disney shares dropped after announcing a $60 billion spending increase on theme parks and cruises. Cboe Global Markets saw a surge in shares as the exchange operator appointed a new CEO. Other notable movements included a rise in the 10-year Treasury yield, slumping shares for Deere & Company, and declining shares for Amazon.