ASX set for gains after Wall Street advances; Apple shares seesaw after release

Wall Street rose on Tuesday (US time) as investors hoped the Federal Reserve would stick with its supportive policy stance as the central bank’s two-day meeting got underway.

But the market was off its session highs as Apple’s shares erased most of their gains from early in the day. The stock ended flat after briefly turning lower in the wake of its product event, which included the rollout of a new virtual fitness service and a bundle of all its subscriptions, Apple One.

It was a mixed day on Wall Street. Credit:AP

Apple’s stock, which was up as much as about 3 per cent early in the session and rose 3 per cent on Monday, often dips after running up prior to that event.

The Nasdaq outperformed the other two major indexes, while the S&P 500 technology index gained 1 per cent, extending its recovery from a brutal sell-off earlier this month that had halted a Wall Street rally.

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