US stocks (^DJI,^GSPC, ^IXIC) closed higher to start the week. The 10-year Treasury note yield (^TNX) hit 4.3% during the trading day, and settled at 4.28% at the market close, which could signal some trouble ahead for equities. As the market begins to rotate out of Big Tech, cyclicals could take the lead. Meanwhile, bitcoin (BTC-USD) edges near $70,000.

Jared Blikre breaks down his top takeaways from the trading day.

To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here.

This post was written by Melanie Riehl