US stocks were coming under renewed pressure on Tuesday morning as bond yields continued to move higher even as investors waited on Friday's all-important non-farm payrolls report.
Wall Street faced a challenging Tuesday, with major stock indices taking a hit due to rising concerns about hawkish statements from Federal Reserve officials and worries over escalating interest rates.
Wall Street’s equity markets experienced a downturn on Tuesday as jittery traders, closely watching the Federal Reserve's two-day policy meeting, caused stocks to retreat by the end of the trading session.
US open: Stocks dip as Fed meeting gets under way hl.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hl.co.uk Daily Mail and Mail on Sunday newspapers.
US stocks closed lower on Tuesday, with Apple in focus on the announcement of its iPhone 15, while investors also closed their wallets ahead of August’s consumer price index data, scheduled for Wednesday.