"Stocks and Bonds Drop as Markets Anticipate Prolonged Rate Hike"

U.S. stocks fell and Treasury yields surged as investors anticipated the Federal Reserve's interest rate decision. The Dow Jones Industrial Average, Nasdaq, and S&P 500 all declined. Instacart had a successful debut on the Nasdaq, with shares surging by as much as 32%. Asian and European stocks also fell. Treasury yields rose to their highest levels since before the financial crisis, driven by expectations of persistent inflation and higher interest rates. Rocket Lab shares sank after a rocket failure, and Disney announced plans to invest $60 billion in its parks and cruises over the next decade.