The major averages reversed course falling into the red, as we see more profit-taking in the tech space into quarter end. The Dow Jones Industrial Average declined 171 points, or 0.37%, to finish at 46,121. The S&P 500 fell 18 points or 0.28% while the Nasdaq Composite fell 75 points or 0.34%.

Weakness in the tech sector once again as profits come out of the AI stocks like Nvidia, Google, Oracle, Apple and Micron. Micron fell 2% after strong earnings report. Micron is still up 80% today and 30% in the last month.

Oil and energy stocks were a bright spot today on news of a inventory draw with concerns of tightening supplies amid export issues in Iraq, Venezuela and Russia.

U.S. Treasury yields were higher as investors awaited further economic data along with a possible U.S. federal government shutdown next week. The 10-year Treasury yield rose 3 basis points to 4.14%. The 2-year Treasury yield rose 3 basis points to 3.60%. The 30-year Treasury bond yield rose more than a basis point to 4.75%.

Besides oil, gold was modestly lower while crypto-currencies were higher.

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