Good evening.
Markets climb, Fed meeting tomorrow, and NFT sales are down 92% since their peak in September.
Let's dive in.
Markets
Here are today's market moves:
What Happened?
U.S. stocks climbed on Tuesday as investors prepared for the Federal Reserve’s policy decision on Wednesday.
The Fed is expected to raise interest rates by a half percentage point, the first such increase in 22 years.
Why it matters: Rising interest rates this year have crushed risky bets across financial markets, from stocks to cryptocurrencies.
Tomorrow could see big market swings, as Fed decision day tends to be volatile.
The crypto market fell on Tuesday, with Bitcoin trading below $38,000, indicating uncertainty among traders ahead of the Fed's decision.
Catch Up
The sale of nonfungible tokens, or NFTs, fell to a daily average of about 19,000 this week, a 92% decline from a peak of about 225,000 in September.
The Supreme Court has voted to overturn Roe v. Wade, according to a leaked draft opinion.
Billionaire investor Paul Tudor Jones says he can’t think of a worse financial environment for stocks or bonds right now.