Market Close: Crypto Surge, Tech Gains, and Economic Indicators

This session review analyzes the final trading day performance amidst triple witching expiration, highlighting divergent sector trends and key economic data. It covers major market movements, cryptocurrency-related stock surges, and broader inflationary pressures affecting consumer goods and services.

- Market Overview: S&P 500 closes slightly higher while Dow and Russell decline; VIX remains low with no 1% drop streak in 36 sessions.
- Sector Performance: Technology leads gains while utilities and materials face declines; Treasury yields continue to rise across the curve.
- Crypto & Tech Stocks: Bitcoin surpasses $80,000 driving gains in Strategy, Coinbase, Robinhood, and SanDisk amid SEC regulatory updates.
- Corporate Updates: Netflix faces analyst downgrade due to content pipeline concerns; Volkswagen cuts profit outlook citing China contraction and EV challenges.
- Economic Trends: Rising beef prices impact restaurant menus; Knicks ticket price increases highlight premium pricing dynamics in sports entertainment.