The S&P 500 rose 0.3 percent, while industrials heavyweight Dow Jones rose 0.25 percent. The Nasdaq Composite technology index also rose 0.25 percent.
The yield on ten-year US government bonds is 3.8 percent, while the VIX index, also called the fear index, is rising 1.7 percent to 14.02. This is a noticeable decline since the opening of US stock exchanges on Monday.
Apple shows the way
Investment banks Goldman Sachs and Morgan Stanley expressed optimism about demand for new iPhone models. The stock price rose 2.3 percent in midday trading, and the technology stock is now trading at $179.13 per share. stock.
Nourish it
The Fed is also scheduled to publish its market outlook on Wednesday.
‘Higher for longer’ is the theme in interest rate markets during the day, and market expectations for the Fed’s two-year key interest rate have risen significantly so far in September,” DNB Markets wrote in its new report.
On Wednesday evening, all eyes will once again be on the interest rate announcement from the US Central Bank. Chief Economist Marius Gunsholt Hof at Handelsbanken expects the Fed to take a break and thus keep interest rates unchanged in the 5.25-5.50 percent range.
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