Daily market update Stock futures were flat Tuesday evening as traders look ahead to Wednesday’s interest rate hike announcement from the Federal Reserve.Dow Jones Industrial Average futures rose by 12 points, or 0.04%. S&P 500 and Nasdaq 100 futures climbed 0.07% and 0.07%, respectively.Stocks fell Tuesday on the first day of the Federal Open Market Committee’s meeting. The Dow Jones Industrial Average shed 313.45 points, or 1.01%. The S&P 500 and the Nasdaq Composite fell 1.13% and 0.95% respectively.Yields also jumped Tuesday. The 2-year U.S. Treasury note yield surged as high as 3.99%, its highest level since 2007. The yield on the 10-year Treasury briefly touched 3.6%, the most since 2011.Investors expect that on Wednesday, the central bank will deliver its third consecut
$Straits Times Index(STI.SI)$STI will definitely be affected as we have to take into account the main constituent and weightage of STI.The 3 banks, $DBS GROUP HOLDINGS LTD(D05.SI)$$UNITED OVERSEAS BANK LIMITED(U11.SI)$$OVERSEA-CHINESE BANKING CORP(O39.SI)$Comprise more than 40% weightage of STI. Sg banks will be affected by us interest rate movements, which a strong CPI indicating strong inflation will likely result in more aggressive hiking of interest rates. SG banks had already increased