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Investors came out swinging Monday, the 40th anniversary of the "Rocky" movie franchise's debut, as the Trump rally resumed and indices finished higher across the board. No coincidence, the U.S. dollar continued to strengthen while oil prices also rose on OPEC and Russian production freeze possibilities.
But the record-setting market moves of the day weren't the only thing TheStreet and its affiliates were eyeing on a Monday, that, like so many others, started with a tech merger bang.
Security software maker Symantec (SYMC) - Get Report agreed to buy LifeLock (LOCK) for $2.3 billion, while MACOM Technology Solutions Holdings (MTSI) - Get Report announced that it had agreed to purchase fellow semiconductor provider Applied Micro Circuits (AMCC) for $770 million, continuing a wave of chip consolidation.
So while the markets (FANG's Facebook (FB) - Get Report , Amazon (AMZN) - Get Report , Netflix (NFLX) - Get Report and Alphabet (GOOGL) - Get Report helped the rally) spiked and dealmakers worked to get last-minute transactions in before the holiday weekend TheStreet and its affiliates were busy helping you prepare for holiday shopping, manage your investments through this unprecedented rally and, all-in-all, help make you some money.
Here are the highlights:
Instagram Is Facebook's Biggest Weapon in Its Battle Against Snapchat
As Snapchat's parent gets ready to go public, Facebook (FB) - Get Report is pulling out all the stops to slow down its rival. Instagram, which just added live video support, looms large. Full story
Tweet of the Day:
Acorda Stroke Study Fails, Dampening Revenue Growth Plans
A mid-stage study of Ampyra in patients with walking difficulties following a stroke "did not show sufficient efficacy" to support further clinical development, Acorda (ACOR) - Get Report said Monday. Full story
Don't Trade Into OPEC Meeting, Jack Mohr Says
Ahead of the Nov. 30 OPEC meeting, TheStreet's Chief Investment Strategist thinks volatile oil prices will continue. Full story
Chart of the Day: Foot Locker Has the Inside Lane on New Highs
Video of the Day: BlackRock's Best Places to Find Yield in 2017
Interest rates remain low despite the surge in yield since the election. Here are the best asset classes to find yield heading into 2017.