Tel Aviv Market Braces for Another Weak Session as Nex Vision, Cal and Av-Gad Make Headlines

Tel Aviv shares were set to open after three straight losing sessions, following a sharp selloff on Wall Street triggered by the Federal Reserve’s latest rate message. In New York, the Dow Jones fell 1%, the S&P 500 lost 1.2% and the Nasdaq dropped 1.4%, after about half of the Federal Open Market Committee signaled at least one more rate increase by year-end. The two-year U.S. Treasury yield, closely watched for rate expectations, briefly jumped 16 basis points to 4.21% before easing to 4.17%, while the 10-year yield moved to 4.45% after touching 4.50%. Israel’s 10-year bond yield stood at 3.68% in morning trading.