1%. 2 trillion valuation.

The S&P 500 and Nasdaq 100 slipped Tuesday, while a gauge of chipmakers eked out an increase. 2 trillion valuation.

The S&P 500 and Nasdaq 100 slipped Tuesday, while a gauge of chipmakers eked out an increase. Asian stocks were broadly steady as elevated oil prices and rising bond yields kept investors cautious ahead of the Federal Reserve’s interest-rate decision.

1%. 2 trillion valuation.

The S&P 500 and Nasdaq 100 slipped Tuesday, while a gauge of chipmakers eked out an increase. 15 a barrel after surging more than 20% this month.

Read more: US Treasury secretary Scott Bessent says rising bond yields due to 'global issues' Treasury futures consolidated, while government bonds opened higher in Australia and New Zealand. Elsewhere, Bitcoin extended its slide to trade around $75,600 as the US Senate blocked a landmark crypto market structure bill.

The Fed’s decision Wednesday is in focus after hotter-than-expected core inflation last week and concerns over government budgets bolstered expectations for the first rate increase in since 2023. “If the Fed follows the futures market and hikes rates, our sense is that stocks are likely to see downward pressure over the near-term,” said Chris Senyek at Wolfe Research.

“However, we’ve found that over a longer time horizon — six to 12 months after the first rate hike — stocks typically rec over and push into positive territory.” Three major central banks meet this week, with the Fed followed by policy decisions from the UK and Japan, potentially reshaping the monetary-policy outlook for the rest of 2026.

A decision to hold rates — or a hike without clear guidance on further increases — may push investors to demand higher long-term yields as protection against inflation, while shorter-dated yields track the Fed’s policy path more closely. 75% since December as a majority of policymakers argued that progress in lowering inflation was being stalled by temporary factors.

Elsewhere, Brent slipped in early Wednesday trading after settling almost 3% higher Tuesday as outages at a key Saudi pipeline and Libyan oil fields added to supply risks in a market already hit by disruptions from the Iran war. Traders were watching for signs of how long Saudi Arabia’s East-West pipeline will remain closed after drone attacks halted operations last week.