The major averages closed mixed today thanks to a number of deal announced along with more strength of AI and DRAM stocks.  The Dow Jones Industrial Average fell 226 points, or 0.48%, to 47,336. The S&P 500 rose 11 points to 6851 while the tech-heavy Nasdaq advanced 109 points or 0.46% to finish at 23,834.

On the deal front, Kenvue rose 12% after Kimberly Clark agreed to buy the owner of Tylenol for $40 billion.  Data center company, Iren reached a multiyear $9.7 billion deal with Microsoft to provide the megacap technology company access to Nvidia GB300 GPUs. Microsoft also announcement that it has secured export licenses from the Trump administration to ship Nvidia chips to the United Arab Emirates.

The “Magnificent Seven” stocks for the most part all performed well today. Nvidia and Tesla were up 2%. Amazon jumped 4%.

Outside the tech space, things were much more quiet.

The 10-year Treasury was unchanged on Monday as the U.S. government shutdown entered its fourth week, putting it on track to become the longest running yet. The benchmark yield rose less than a basis point to 4.10%. The 2-year Treasury note yield fell a basis point to 3.59%. The 30-year bond yield was up a basis point to 4.68%.

 supported the market, with shares rallying 4% after the company reached a $38 billion deal with OpenAI. Notably, the partnership will utilize hundreds of thousands of Nvidia’s

 graphics processing units.

In the commodity space, oil was quiet as OPEC decides to pause output increases. Gold was quiet hovering around the $4000 level. Crypto currencies took a hit down over 2% as the correction continues in that space.

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