Rio Times Global Economy Briefing
The Big Three
Tech slipped, the Dow held. The Nasdaq fell 0.97% as Monday’s chip rebound faded, while the Dow rose 0.17% — the rotation toward steadier sectors carried on.
Iran rattled the session. Stocks dropped sharply during the day after President Trump suggested strikes on Iran could resume, before recovering most of the loss by the close.
The bond market braced for the Fed. A three-year government note sale drew weak demand at 4.192%, up from 3.965%, a day before a rate decision markets see as almost certain to be a hike.
