Semis’ Win Streak Ends, Credit Diverges, and Tailwinds Weaken Ahead of Fed & Mag7

Stocks finished mixed and barely changed, in sharp contrast to a very busy weekend of news and headlines. Mega-cap and tech names improved steadily after a soft start, but the move was not large enough to lift the major indices meaningfully. Flattish/mixed equities and lower Bitcoin were contrasted by higher oil lifting treasury yields. A…