Welcome to Seeking Alpha's Wall Street breakfast, your daily source of market news and analysis.

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Good morning. Today is Wednesday, December 7th, and I'm your host Julie Morgan.

Our top stories.

China eases more COVID restrictions.

Apple pushes back its self-driving car launch.

Microsoft reaches a deal with Nintendo.

SBF has an attorney.

Jewel settles.

Lawmakers are questioning Silvergate. Blue Bell takes a stake in Black Rock.

Pinterest reaches a deal with Elliot, and Vivant is in our day watch.

Wall Street's cautious mood deepened on Tuesday as investors continued to remove risk ahead of next week's Federal Reserve meeting.

The S&P 500 dropped for the fourth consecutive session and now has given up all of the sharp gains it

posted in the middle of last week. The NASDAQ finished down 2%. The S&P 500 ended down 1.4%

and the Dow closed down 1.4 percent, and the Dow closed down 1 percent.

10 of the 11 S&P sectors finished lower.

This included a 2.7 percent drop in energy.

Communication services was also a notable decliner, sliding by 2.6%.

Utilities represented the only gainer on the session, posting a modest advance.

Looking at fixed income, the U.S. 10-year Treasury

yield dropped seven basis points to 3.53 percent, while the U.S. 2-year

Treasury yields slip three basis points to 4.36%. Andrew Hecht is a seeking alpha contributor.

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