The major averages closed mixed today as tensions ease in the Middle East and President Trump attends NATO summit in the Netherlands. The Dow Jones Industrial Average fell 106 points or 0.25%. The S&P 500 closed unchanged while the Nasdaq rose 61 points or 0.31%.  

After a big run up the last two months, the averages may be running out of steam. Tech continues to power higher with Nvidia up 4% to a new high surpassing Microsoft as the largest US market cap company. AMD rose 3% as well while Micron was modestly lower ahead of earnings. Among the large cap techs, Google rose 2% as they introduce their new AI Gemini product.

Week to date, the S&P 500 is up more than 2% after a tamer-than-expected Iranian response to U.S. attacks over the weekend. The price of oil was up a percent today, but down about 10% this week.

Interest rates have pulled back this week. The 10-year Treasury yield was up a basis point to 4.29%, while the 2-year yield was marginally higher at 3.78%. The 30-year yield added about a basis point to 4.84%.

In the commodity space, gold is modestly higher while bitcoin is jumping 2%, moving back to ward all time highs.

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