The major averages pulled back heading into the year end with the S&P 500 falling for a third session on Tuesday in quiet trading. The Dow Jones Industrial Average fell 94 points. The S&P 500 fell 9 points while the Nasdaq Composite fell 55 points.

Quiet trading not deviating much from the unchanged level. In the tech space, Intel was a diamond up nearly 2% as Nvidia finalizes its $5 billion investment. The deal announced several months ago gave Intel a shot in the arm as they will get Nvidia’s AI technology and their graphic technology integrated into Intel’s PC chips.  Intel’s stock has risen over 40% since the deal was announced this past fall. Nvidia was quiet along with the rest of the chip space and software space.

Telsa was upgraded, but the stock closed lower by a percent. Gold and silver rebounded after taking a hit yesterday. Silver was up 8% following their worst day in four years. Crypto currencies were modestly higher.

Interest rates were higher as the Fed minutes from December showed the Fed members were highly divisive about the rate cut. The yield on the 10-year Treasury was up a basis point to 4.12%. The yield on the 2-year Treasury dipped more than a basis point to 3.44%.

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