The S&P posted its third straight day of gains and closed at its highest level of the month after Congress reached a deal on the debt ceiling. But with rates rising as well, where are markets going from here? Meanwhile, Alibaba jumped more than 8% for its best day since April and its fifth best day on record. We break down the big bet that drove the rally.

Netflix app downloads are surging as a new South Korean show brings in a new audience and sends the stock to all-time highs. Plus, Microsoft is the only mega cap tech stock that hasn’t seen a 10% correction in its shares. What it’s resilience says about how you should trade the space.