Capital Markets

S&P 500 and Nasdaq

The S&P 500 closed at 5,099.96, up 1.02%

The Nasdaq closed at 15,927.90, up 2.03%

These were solid gains for the major U.S. indices

Dow Jones

The Dow Jones Industrial Average closed at 38,239.66, up 0.4%

A more muted gain compared to the S&P and Nasdaq

Global Markets

European markets were mixed, with the FTSE 100 up 0.57% but the DAX down 0.01%

Asian markets rose, with the Nikkei up 0.81%, Hang Seng up 0.54%, and Shanghai Composite up 0.79%

Market Movers

Top gainers included Resmed (+18.89%), Alphabet's Class A and C shares (+10.22% and 9.97% respectively)

Biggest decliners were Dexcom (-9.91%), Intel (-9.2%), and Old Dominion (-7.24%)

Bonds

U.S. Treasury yields fell across the curve as investors awaited the Fed meeting

The 10-year Treasury yield declined to 4.624%

Currencies

The Japanese yen surged 1.6% against the U.S. dollar, with the USD/JPY falling to 155.82

Analysts cited the wide yield differential as the root cause of recent yen weakness

Commodities

Oil prices slipped 0.19% to $83.69 per barrel

Gold rose 0.31% to $2,354.5 per ounce

The overall picture shows strength in U.S. equities, especially tech stocks, mixed performance in Europe, broad gains across Asian markets, and volatility in currency markets focused on the yen ahead of the Fed decision this week.