The three main US stock indices recorded sharp declines when they closed the opening session of the week yesterday, Monday 13th of June, as the Dow Jones Industrial Average lost more than a thousand points before retreating and closing at a loss of 881 points, as the American markets were affected by the high expectations that the US Federal Reserve would resort to To raise interest rates by more than 50 basis points in its scheduled meeting today and tomorrow, Wednesday.

In a report issued by Wall Street and CNBC on the Fed members’ study of the idea of ​​a 75 basis point hike, the market and futures expectations increased by more than 80% that we will witness a 75 basis point hike tomorrow Wednesday, especially after inflation accelerated and rose to 8.6% in May.

On the other hand, the yield on US two-year treasury bonds rose above the 10-year yield, which reflects market fears of a possible economic recession, as a recent survey showed that 70% of economists expect the US economy to enter a recession next year.

The Dow Jones Industrial Average closed down by (876) points at the close at 30.516 levels, a loss of about 2.79%, and is now trading in the futures for today’s session, Tuesday, at 30,766 levels, down by about 265 points.

While the S&P 500 index recorded declines at the close at 3.749 levels, down by 151 points or 3.88%, and it is now trading in futures at 3.793 levels, up by about 40 points.

While the Nasdaq index recorded losses of (530 points) to close the session at 10,809 points, recording losses of about 4.68%, and it is now trading in futures, up by about 150 points.