In Today's Update:
1) Three out of the four main Equity Indexes closed at yearly Lows after the Federal Reserve decided to raise rates for the fourth time this year. The Dow Jones Industrial Average dropped 351.98 or 1.49%, the S&P 500 fell 39.20 or 1.54% while the Nasdaq 100 closed lower by 147.08 or 2.17% and the Russell 2000 finished lower by 27.95 or 2.03%.
2) Crude Oil Futures made back half of yesterday's losses closing higher by $1.72 or 3.72% while Gold Futures fell $7.50 or 0.60% as the U.S. dollar gained strength after the Fed'a rate hike. The Bond market soared and the yield on the 10-year treasury note dropped to 2.777%.
3) Canadian cannabis company Tilray Inc. (TLRY) announced a partnership with Novartis unit Sandoz yesterday to produce and distribute medical cannabis products. Today, they announced a $100 million joint venture with beer brewer AB InBev to study non-alcoholic THC and CBD beverages. TLRY Shares are trading higher by almost 20% in tonight's after-hours trading session.