The Federal Reserve's two-day policy meeting starts on Tuesday. The major indexes fluctuated between gains and losses throughout the first day of trading as investors braced for a third rate hike from the central bank.
The yield on the 10-year Treasury rose to 3.51%.
The European debt crisis began as several EU countries dealt with the aftermath of the financial crisis.
The target is 4.00%. The counter-trend signals would be stopped out if the opening print was above 3.56%.
The US indexes stood after the bell.
- S&P 500: 3,899.93, up 0.69%
There's more to know.
- The stock market sell-off is almost over, according to JPMorgan, and resilient earnings and slowing inflation means a rally is on the way.
- Moderna, BioNTech, and Novavax stocks plunged after President Biden said the COVID-19 pandemic is over.
- S&P Global Market Intelligence said inflation worries led institutions to sell $51.2 billion worth of equities in a five-week period.
- The Fed could raise rates by less than expected in November because of a slowdown in the housing market, according to Pantheon.
- Russian seaborne exports dropped to their lowest level in a year.
- Crude prices will average $100 a barrel in 2023 as demand rebounds in China and Russian barrels disappear from the market, according to Bank of America.
- Oil prices climbed, with West Texas Intermediate up 0.18% to $85.26 a barrel. Brent crude, the international benchmark, inched higher 0.33% to $91.65 a barrel.
- Gold traded flat at 1,683.50 per ounce. The 10-year yield ticked higher 4 basis points to 3.487%.
- Bitcoin dropped 1.06% to $19,508.06.
