The major averages closed mixed on a quiet Friday as investors continue to monitor the latest developments out of the Middle East. The Dow Jones Industrial Average

Rose 35 points or 0.08% to 42,206. The S&P 500 fell 13 points or 0.22% while the Nasdaq fell 98 points or 0.51%.

The tech sector was hit after the Wall Street Journal reported that the U.S. may revoke waivers for some semiconductor manufacturers. Nvidia was down more than 1%, while Taiwan Semiconductor Manufacturing slid nearly 2% while Micron rose over a percent ahead of earnings next week. Big cap tech was weak except for Apple up 2%

Bonds were quiet even as one Fed governor said they could cut rates as soon as July. The 10-year yield was down a basis point to 4.37%. The 30-year bond yield was flat at 4.89%. The 2-year note yield fell more than 3 basis points to 3.90%.

In the commodity space, oil remains elevated due to tensions in the Middle East. Energy stocks were modestly higher today. Gold and bitcoin were lower in the day.

All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it’s usage.