Key Takeaways
- Market turbulence continues; tech giants report amid rising interest rates.
- M&A reshaping industries; Chevron-Hess, Disney-Reliance deals redefine corporate landscapes.
- Cryptocurrency rally: Bitcoin surges, ETF approval on the horizon.
After fifteen consecutive Mondays of stocks closing higher, the streak finally came to an end yesterday. The S&P 500 was down 0.2%, closing at its lowest level since May; however, the Nasdaq eked out a small gain of 0.3%. The yield on the 10 year note briefly touched 5% for the first time since 2007 before pulling back to settle at 4.836%. However, earnings season kicks off in earnest today with Google
GOOG
MSFT
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