FOMC: diesel at $6.28, mortgages at 7.22%, Nasdaq unchanged after four months of chop

The major averages finished lower for the second consecutive session on Tuesday as another surge in crude oil lifted Treasury yields and weighed on stocks, in addition to noticeable note of caution ahead of Wednesday’s FOMC. I spent a lot of time on geopolitics in Monday’s market wrap. It isn’t my preferred subject. The facts…