The Federal Reserve’s interest-rate decision on Wednesday will influence where the stock market goes next.

Stock futures on the Dow, S&P 500, and Nasdaq Composite have all increased, with the S&P 500 up 0.6 percent, the Nasdaq Composite up 0.9%, and the Dow up 122 points. Despite Monday’s surge, the yield on the 10-year Treasury note has fallen to 3.335 percent.

While bond rates have fallen from multi-year highs and stocks have risen somewhat, the emphasis remains on the Federal Reserve, according to Tom Essaye, the founder of Sevens Report Research.

The treasury market made some unexpected swings on Monday. As of Tuesday afternoon, it was trading at slightly over 3.3% for two-year Treasuries, the highest level since 2007. After closing at 3.371 percent, the 10-year yield reached its highest level since 2011.

When inflation doesn’t seem to be slowing, the Federal Reserve is more likely to raise interest rates fast rather than gradually, which has dragged down the stock market. And on Tuesday, the producer price index for final demand grew 0.8 percent month-over-month in May, in line with forecasts, but above the previous figure of 0.4 percent. A growing cost of doing business is one of the factors driving corporations to increase their pricing to preserve their profit margins. Until Monday’s end, all three main U.S. indices had fallen by at least 5% in the preceding month.

As a result, the stock market has taken solace in the recent slowdown in the rise of bond rates. However, it is still quite likely that the Fed will raise interest rates by three-quarters of a percentage point, rather than the previously anticipated half-point, on June 15. A three-quarter of a point increase in the federal funds rate is now more than 90 percent certain, up from only 35 percent a day earlier.

For the time being, investors will have to hold off on making any significant market moves until the Federal Reserve makes its next pronouncement. This means that the Federal Reserve will no longer have the luxury of discussing the possibility of slowing down the pace of interest rate rises, and will instead focus on the need to cool down demand and inflation. As a result, the markets have already started to prepare for this.

When it comes to raising interest rates, the Federal Reserve has no option but to do so by 75 basis points, according to Bleakley Advisory Group’s Peter Boockvar, the chief investment officer.

Stocks may rise or fall sharply as a result of this, but it’s not yet certain. With drops of at least 20%, the S&P 500 and Nasdaq have already entered bear markets.

There is a potential that the stock market may rise if the Fed doesn’t offer any more bad news than expected. Essaye predicted a “small relief rally” for Wednesday afternoon, considering the recent falls.

Europe’s Stoxx 600 fell 0.6 percent, while Japan’s Nikkei 225 fell 1.3 percent, after Wall Street’s losses on Monday.

BitcoinBTCUSD –4.11 percent and other cryptocurrencies were under pressure even as markets rose. During the previous 24 hours, the price of the most valuable digital asset decreased 7% to below $22,500, having traded as high as $30,000.

The following are the six equities that made the most gains on Tuesday.

Coinbase Global (COIN) has climbed 0.7 percent after ending at a new low Monday after an 11 percent drop. Cryptocurrency exchanges and other businesses with a stake in digital assets are feeling the pinch. One of MicroStrategy’s largest holdings in Bitcoin, MSTR –2.26 percent (NASDAQ: MSTR), had a 25% decrease on Monday and a 2.4% drop on Tuesday.

In the wake of the business reporting earnings of $1.54 per share on revenues of $11.8 billion, exceeding expectations of $11.6 billion, and smashing projections of $1.37 per share, Oracle (ORCL) shares rose by 12 percent.

The shares of Continental Resources (CLR) rose by 11% after the business announced that oil and gas tycoon Harold G. Hamm had made a $70 per share take-private bid.

Bank of America raised Tractor Supply (TSCO) shares from Neutral to Buy, resulting in a 2.6% increase.

Following a downgrade from Buy to Neutral at UBS, AstraZeneca (AZN) shares fell 3%.

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