In today's update:
1) U.S. Equity markets closed significantly lower on Tuesday after comments from the Federal Reserve curbed investor optimism over future rate cuts. The Dow Jones Industrial Average dropped 179.32 or 0.67%, the S&P 500 fell 27.97 or 0.95% while the Nasdaq 100 closed lower by 120.98 or 1.51% and the Russell 2000 finished lower by 9.05 or 0.59%.
2) Crude Oil Futures advanced $0.65 or 1.12% while Gold Futures jumped to a 6-year high gaining $9.30 or 0.66%. The Bond market continued to climb and the yield on the 10-year Treasury Note settled at 1.989%.
3) Micron Technology Inc. (MU) reported fiscal third-quarter earnings after market close and beat estimates for both revenue and earnings per share. MU is currently trading higher by $2.80 or 8.57% in the after-hours trading session.