(Bloomberg) — Stocks eked out gains in a cautious session that saw investors positioning for the Federal Reserve decision and key inflation data. Apple Inc. sank even after unveiling new artificial-intelligence features.
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As traders braced for volatility ahead of US macroeconomic catalysts, uncertainties across the Atlantic also kept a lid on equities. European shares slid after French President Emmanuel Macron called a legislative vote in the wake of a crushing defeat in European Parliament elections. Yields on France’s 10-year bonds hit their highest this year, while the nation’s top banks tumbled. The euro led losses in developed-world currencies.
Wall Street’s most-prominent trading desks from JPMorgan Chase & Co. to Citigroup Inc. are urging investors prepare for a stock market jolt after Wednesday’s consumer price index and the US rate decision.
The Fed is widely expected to hold borrowing costs…
