The major averages finished mixed as tensions remain higher between Isreal and Iran even as the Federal Reserve let interest rates unchanged. The Dow Jones Industrial Average fell 44 points, or 0.1%. The S&P 500 fell a point to 5980. The Nasdaq Composite gained 25 points or 0.13%.

The Fed left its key interest rate unchanged today with overnight borrowing rate staying in a range between 4.25%-4.5%. However, the Fed is expected to cut rates later in the year, but still up in the air about when and how much. The 10-year Treasury note was flat at 4.39%. The 2-year Treasury yield fell a basis point to 3.93%.

Israel-Iran conflict tension remains high as the US may get drawn into it. The price of oil is modestly higher around $75 a barrel, a five month high.

The tech space was higher once again as the chip stocks continue to perform well. Marvell Tech rose 7% on bullish guidance. Oracle was higher on an upgrade, but the rest of the sector was muted. Big cap techs are muted as well.

The financials are higher outside of the cred card companies. Visa and Mastercard were both lower by 3%.

In the commodity space, steel stock, Nucor rose 4% after raising guidance. Rival, Steel Dynamic is lower after lowering guidance. Gold is quiet while bitcoin is down half a percent.

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