Nasdaq lags
The US stocks are opening with a modest rebound after yesterday's Facebook inspired rout.
- The S&P is up 7 points or 0.26%
- The Nasdaq is up 13 points or 0.18%
- The Dow is up 95 points or 0.40%
In the US debt market, yields are moving higher today:
- 2 year 2.328%, +2.0 basis points
- five-year 2.677%, +2.2 basis points
- 10 year 2.881%, +2.5 basis points
- 30 year 3.116%, +3.0 basis points
The Fed decision will be on Wednesday and they are expected to raise rates by 0.25% to 1.75%. The market will be eyeing the dot plot for signs of an acceleration to 4 tightenings form the 3 reported at the last release.