Key Takeaways
- FOMC Meeting And Fed Outlook
- Disney Stock Continues Underperforming
- Auto Strikes Continue
Stocks closed slightly lower on Tuesday ahead of today’s Federal Reserve Open Market Committee (FOMC) meeting. Both the S&P 500 and Nasdaq Composite fell 0.2%. Bonds also fell on Tuesday pushing yields up to levels not seen in over a decade. The ten-year yield closed at 4.32%, the highest close since 2007. Yields on the two-year closed at 5.11%, their highest level since 2006.
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