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Does planting trees actually help the climate? TD Bank (TSE:TD) sets up technology fund, shares rise slightly

Stocks opened lower on Tuesday as the Federal Reserve was set to begin its two-day monetary policy meeting.

The S&P 500 (^GSPC) fell about 0.3%, while the tech-heavy Nasdaq Composite (^IXIC) edged lower after both indexes hit new all-time highs. The Dow Jones Industrial Average (^DJIA) lost 0.4%.

Key interest rates rose slightly despite economic uncertainty and muted expectations for rate cuts. Most investors expect the Federal Reserve to cut interest rates only once before the end of the year.

On Wednesday afternoon, the Federal Open Market Committee (FOMC) is expected to announce its monetary policy decision after a two-day meeting. The monthly inflation data will also be released on Wednesday before the stock market opens.

Apple (AAPL) shares rose about 2% in early trading, erasing losses from the previous session following the iPhone maker’s unveiling of AI features at its World Wide Developers Conference on Monday.

Cryptocurrency-related stocks opened lower on Tuesday as Bitcoin (BTC-USD) fell to a one-week low, trading just above $69,000 per token. Coinbase (COIN), Marathon Digital (MARA) and MicroStrategy (MSTR) all lost more than 3% in early trading.

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