The major averages reversed course, finishing in the green after the Department of Justice opened a criminal investigation into Federal Reserve Chair Jerome Powell. The Dow Jones Industrial Average rose 86 points after falling over 400 points this morning. The S&P 500 rose 10 points while the Nasdaq rose 62 points or 0.26%.

Besides going after the Federal Reserve, the Trump Administration would like to cap credit card rates for one year at 10% to aid affordability and help the consumer. The majora banks and credit card companies all underperformed today falling 2% or more.

The financials were one of the few sectors lower. Walmart led the Dow and consumer sector higher, rising 3% on news its being included in the Nasdaq-100 index. Walmart is also expanding their drone delivery business.

Industrials and defense stocks and sectors continue to perform well.  

Interest rates were higher as concerns from the recent moves by the Trump Administration against the Federal Reserve. The 10-year Treasury yield rose a basis point to 4.18%. The 30-year bond yield increased a basis point to 4.83%.

In the commodity space, oil rose nearly a percent, but still under $60 a barrel on Iranian and Venezuela turmoil. Gold and silver rose 2% and 6% respectively on the turmoil and Fed uncertainty. Bitcoin also performed well today.

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