The markets were higher today as earnings season came to an end and the markets focused back on the Fed and geopolitical news. The Fed released their minutes from the last meeting. The minutes showed that they plan to stop their balance sheet reduction by the end of the year. In political news, it was reported that EU tariffs could be the next step if no deal is made. This created a bit of volatility.
Still, the markets ultimately finished mixed on the day. The Dow 30 closed higher by 64, the S&P 500 closed higher by 4, and then Nasdaq closed higher on the day by 2.
Crude oil was strong again today as investors continued to see confirmation out of OPEC that they will cut as planned. The US sanctions on Iran and Venezuela are also decreasing global supply, which has helped support prices to the tune of about 24% gains on the year.
Semiconductors enjoyed a strong day thanks in part to some of the bigger names in the sector. Broadcom