Daily Market Commentary

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Nasdaq Hit by Chip Pullback; Crude Oil Prices Edging Higher

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The markets were mixed in early trading as investors processed the goings on in the Middle East and earnings reports, particularly across the tech sector. Fighting intensified again in the Middle East after the U.S. and Iran traded antagonistic barbs, with few prospects of negotiations ahead, at least publicly. WTI Crude Oil prices were rising, up nearly 1% to over $80 a barrel as oil supply fears bubbled up again.