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The S&P 500 advanced 0.47% to finish at 5,344.16. This week marked the most volatile week of 2024 for the market. The Dow on Monday tumbled 1,000 points, while the S&P 500 lost 3% for its worst day since 2022. At the Monday lows, the S&P 500 was down nearly 10% from its recent all-time high. It is not just equity markets that have had a volatile week.
Persons: Stocks, Spencer Platt, Jay Hatfield, ” Hatfield Organizations: Nasdaq, Dow Jones, Dow, Federal Reserve, New York Stock Exchange, Wall, Treasury, Capital Locations: U.S, unwind, Hatfield,
SKIP AHEAD Classroom supplies | Lunch boxes, water bottles and backpacks | Dorm essentials | TechThe best back-to-school supplies from AmazonTo curate a list of the best back-to-school supplies from Amazon, we focused on items that have been recommended to us previously by experts or with a minimum of a 4.0-star average rating. Classroom supplies for back-to-schoolThese notebooks, which have a 4.7-star average rating from over 2,500 reviews on Amazon, come in a set of 6. This pack of pens has a 4.7-star average rating from over 43,000 reviews on Amazon. This case has a 4.7-star average rating from over 12,675 reviews on Amazon. Look no further than this model from Texas Instruments, which has a 4.7-star average rating from 2,556 reviews on Amazon.
Persons: bento, Lindsay Schneider, Keurig, you’ll, Bethany Heitman, TikTok Organizations: Target, Walmart, Amazon, Texas Instruments, NBC, Tech, MacBook, Bluetooth, AA, Kindle, Facebook, Twitter Locations: Amazon, sharpener, Rockland
Samsung has issued a recall for over 1 million slide-in electric ranges due to fire hazard after the company received reports that its front knobs could be unintentionally activated by people or pets, and resulted in 250 blazes. Since 2013, Samsung received over 300 reports of the "unintentional activation" of the range's front-mounted knobs by humans or pets. Samsung is offering free knob locks or knob covers as a remedy to the issue. Further, some Samsung ranges with Wi-Fi connectivity can send users a notification via the Samsung SmartThings app to warn when a burner is activated. The company is also participating in a CPSC “Joint Gas and Electric Range Knob Working Group” along with other major brands to improve knob safety standards.
Persons: Organizations: Samsung, U.S . Consumer Product Safety, ” Samsung, Gas Locations: U.S,
Read previewMartin Luther King, Jr. once said: "The quality, not the longevity, of one's life is what is important." But at 96 years old, my great-aunt Mary Selby Ferrari is living proof that you can have both — a long and full life. Ferrari, meanwhile, still lives on her own in the independent-living section of a retirement community. She makes it a point to stay informed"I used to be a great reader," Ferrari told me. And she hit the genetic jackpotIt would be impossible to talk about Ferrari's long life without addressing her mother's centenarian status.
Persons: , Martin Luther King, Jr, Mary Selby Ferrari, Ferrari, COVID, Mary Ferrari, Dan Buettner, who's, hasn't, Barbara Cavalieri, The New York Times she'll Organizations: Service, Business, College of New, Catholic, Blue, Ferrari, MSNBC, The New York Times Locations: College of New Rochelle, New York City, Manhattan
This escalated into days of riots in the U.K. that saw attacks on mosques, immigration centers and hotels that house asylum seekers. The disinformation circulated online tapped into pre-existing biases and prejudice, Ondrak explained, adding that incorrect reports often thrive at times of heightened emotions. Many of the right-wing protestors claim the high number of migrants in the U.K. fuels crime and violence. Ondrak also noted that many groups that had previously circulated false information about the attack had started walking it back, saying it was a hoax. On Wednesday, the U.K. media regulator Ofcom issued a letter to social media platforms saying they shouldn't wait for the new law to come into force.
Persons: Christopher Furlong, Ali, Hannah Rose, Joe Ondrak, It's, Ondrak, it's, ISD's Rose, Rose, Thabo Jaiyesimi, Elon Musk, pushback, Benjamin Cremel Organizations: Riot, Getty, LinkedIn, Institute for Strategic, CNBC, Police, Telegram, Ofcom, Afp Locations: Rotherham, United Kingdom, Southport, Britain, U.K, Walthamstow, London
And they know you’re going to act so they won’t mess with you. Put it in somebody else’s mouth because it was AI mean, it didn’t sound like Joe Biden to me. I think you’re I think you’re underselling this a little bit. And if they don’t, I’m going to keep my promise and send them 100 powdered wigs because they’re just living in a different era. All these other politicians, these career politicians didn’t know how to make a good deal.
Persons: Nancy Pelosi, Harris, Tim Walz, Al Gore, They’re, he’s, Joe Biden, Obama, Walz, Donald Trump, it’s, Trump, Said, JD Vance, Kamala Harris, Gavin Newsom, Ro Khanna, Scott Wiener, haven’t, Liam McCarthy, Willie Brown, George Moscone, Leo, Dianne Feinstein, It’s, Kamala, she’s, let’s, Suzan, You’ll, That’s, you’ll, I’m, that’s, We’re, I’ve, He’s, what’s, Bob Dole, George Bush, Svetlana, they’re, Scott Brown, Ted Kennedy’s, Ted Kennedy, Scott Brown’s, We’ve, you’re, Bill, Harry, Harry Reid, Pelosi, John Boehner, you’ve, Weaver, that’s O.K, Kevin McCarthy, kaka, Bernie Sanders, Sanders, Ted Cruz, Let’s, Barney Frank, Bill I, Steny Hoyer, don’t, You’re, John Dingell, Roe, Ira, Biden, McCarthy, o’clock, Wade, Kathy Manning of, Kathy Manning, didn’t, America’s, Republicans can’t, You’ve, Mary Barra, Steph Curry, Elton John Bono, Bill Gates, ain’t, Abraham, Little, Hillary, Norman Lear, Umberto, Gabriel Garcia Marquez’s, I’ll, Darwin, Lincoln Organizations: Democratic Party, Democratic, Republican, Veterans Affairs, Trump, Republicans, Democrat, San, Cal Stanford, University of San, Morning, NATO, Affordable, Senate, White House, California Democratic Party, Technology Committee, North, Global, Abraham Accords, Rogue, Republican Party Locations: America, Minnesota, San Francisco, University of San Francisco, United States, It’s, Belarus, Massachusetts, California, Iraq, Idaho, Italian, Kathy Manning of North Carolina, China, Sudan, Michigan, Arizona, David, South, Baltimore
Opinion | Tim Walz Is Vibing
  + stars: | 2024-08-09 | by ( Michelle Cottle | Ross Douthat | ) www.nytimes.com   time to read: +39 min
michelle goldbergI mean, I’m a huge Walz fan, and I was worried. ross douthatSo, yeah, I mean, I’m having made the case that this pick makes sense in vibes terms. michelle goldbergYeah, I don’t think that he necessarily overperforms among conservative voters strictly defined. You don’t think that there’s a part of the country that just finds joy like a really refreshing change? I’m going there.
Persons: ross douthat I’ve, Bon Iver, Taylor Swift, I’ve, michelle cottle Oh, ross douthat, michelle goldberg, michelle cottle, Vance, I’m Michelle Cottle, Ross Douthat, Ross, Michelle Goldberg, Michelle, Harris, Kamala — Kamala — michelle goldberg Kamala, nomenon, Kamala, Chappell Roan, I’m, Frenchman, we’ll, Kamala Harris, Tim Walz, Josh Shapiro, it’s, Donald, JD Vance, Donald Trump, Biden, Walz, Sarah Longwell, Shapiro, Trump, ross douthat Let’s, It’s, that’s, John Fetterman, we’ve, Michelle Cottle, relatability, Jared Golden, Joe Manchin, Mary Peltola, , Bernie, you’ve, who’s, Josh Shapiro doesn’t, don’t, you’re, Shapiro wasn’t, JB Pritzker, The New York Times ”, here’s Shapiro, Netanyahu, Donald Trump’s, John Kerry, — ross douthat, , we’re, Bone, michelle goldberg Ross, George Floyd’s, there’s, George Floyd, That’s, It’s Trump, michelle cottle Ross, Joe Biden, Hillary Clinton, ross, hadn’t, “ Trump, MAGA, michelle cottle It’s, he’s, she’s, Tucker Carlson, — michelle cottle, ross douthat —, doesn’t, chameleons, He’s, McKay Coppins, it’s Kamala, Sarah Palin’s, John McCain, Mike Pence, Dick Cheney, George W, , michelle cottle “ Sunny, ” ross douthat, Rashida Jones, — ross, ” michelle goldberg, michelle cottle Juicy, “ Severance, michelle cottle Nice Organizations: “ New York, Minnesota, Twitter, Republican, Trump, Democratic, America, Democratic Party, Dartmouth, Biden, The New York Times, Bone Spurs, Vance, Republicans, Air Force, Atlantic, Democrat Locations: Tay, , Pennsylvania, Brooklyn , New York, Wisconsin, San Francisco, relatability, America, Maine, Alaska, California, Israel, Palestine, Minnesota, Italy, Minneapolis, Afghanistan, Ukraine, Trump, United States, Michelle, Kyoto, Japan
CNN —Refugee athlete Manizha Talash was disqualified from the B-Girl breaking competition at the Olympics for wearing a cape with the words “Free Afghan Women” during her breaking battle on Friday. The 21-year-old, who fled Afghanistan after the Taliban began seizing control in 2021, now lives in Spain and represents the Refugee Team at the games as B-girl Talash. As she made her debut during the pre-qualifier battle, Talash revealed a baby blue cape under her jumper emblazoned with the words calling for Afghan women’s emancipation. Results have been updated accordingly.”“I didn’t leave Afghanistan because I’m afraid of the Taliban or because I can’t live in Afghanistan,” Talash said before action got underway. The breaker became one of 37 athletes representing the Refugee Olympic Team in Paris, and is proud to do so.
Persons: Manizha Talash, , Talash, , ” Talash, Nadira Organizations: CNN —, DanceSport Federation, United Nations, UN, Refugee Olympic, Slate Locations: Afghanistan, Spain, Paris, New York
Why Jay Powell refuses to be bullied by Wall Street
  + stars: | 2024-08-08 | by ( Allison Morrow | ) edition.cnn.com   time to read: +4 min
The whole episode underscored a fundamental tension between the Fed, which is focused on economic stability, and Wall Street, which is focused on profit. The message from Powell and other policymakers is clear: We won’t be strong-armed by Wall Street. The BOJ’s deputy governor, Shinichi Uchida, citing volatility in financial markets, said the bank would not raise its policy interest rate as long as markets remain unstable. Powell (formerly in finance, hazel eyes, great ties) appears to have a real opportunity to Volcker it up even more in the coming weeks. That gives Wall Street plenty of time to sit in the corner and deal with its feelings.
Persons: CNN Business ’, Summer, Tim Walz’s, Jerome Hayden Powell, Here’s, Powell, , Powell’s, It’s, Paul Volcker fanboy, Shinichi Uchida, Mohamed El, , Volcker, quieting, Powell isn’t Organizations: CNN Business, New York CNN, Finance, Federal, Stock, CNBC, Wall, Bank of Japan, Bloomberg Locations: New York, FiDi, Powell, Japan
Tim Walz, the Democratic vice presidential candidate, speaks during a campaign rally with Democratic presidential candidate Vice President Kamala Harris, in Philadelphia, Aug. 6, 2024. Kevin Lamarque | ReutersWith their running mate selections, former President Donald Trump and Vice President Kamala Harris have opened up a new front in the battle for the White House: winning over the average Joe. The Democratic vice presidential candidate, Minnesota Gov. As news outlet NOTUS put it: "Kamala Harris Has a Scranton Problem." Joe Raedle | Getty ImagesA Harris campaign spokesman declined to comment on the Trump campaign's email.
Persons: Tim Walz, Kamala Harris, Kevin Lamarque, Donald Trump, Joe, Trump, Harris, haven't, Republican Sen, JD Vance, Ohio, Walz, Vance, JD, Sen, Adam Bettcher, " Walz, Walz's, Brendan Smialowski, It's, William Howell, Howell, Joe Biden, Minnesota Gorvernor Tim Walz, Tiffany, Kamala pisses, Joe Raedle Organizations: Minnesota Gov, Democratic, Reuters, White, San, Democratic Minnesota Gov, Republican, Yale, NMC, Wollard, Getty, Silicon, Afp, University of Chicago, Minnesota, U.S . Marine Corps, Yale Law School, Senate, Trump, Mar Locations: Minnesota, Philadelphia, San Francisco, Eau Claire , Wisconsin, America, Nebraska, Michigan, University's, Scranton , Pennsylvania, California, Scranton, Philadelphia , Pennsylvania, U.S, Ohio, Palm Beach , Florida
Stocks ticked up Friday as the stock market built on its incredible comeback from Monday's violent rout. The broad market index ended the week just shy of completely reversing its weekly losses. The S&P 500 advanced 0.47% to finish at 5,344.16. Week to date, the broad market index was just 0.04% lower. The Dow on Monday tumbled 1,000 points, while the S&P 500 lost 3% for its worst day since 2022.
Persons: Stocks Organizations: New York Stock Exchange, Nasdaq, Dow Jones, Dow, Federal Reserve
The federal minimum wage, which has been stuck at $7.25 an hour for 15 years. Given the situation, here's an idea: Why not raise the federal minimum wage right now? Getting anything done legislatively is always a challenge, especially in an election year, but polls indicate a higher minimum wage is broadly popular. AdvertisementOnce the minimum wage gets so high that it starts to cause a bunch of job loss, that's a problem. If a higher minimum wage lifts millions of people out of poverty, that's incredible.
Persons: it's, Yannet Lathrop, California's, It's, Jacob Vigdor, Vigdor, Justin Wiltshire, Michael Reich, David Neumark, shouldn't, we've, they've, Emily Stewart Organizations: Bureau of Labor Statistics, National Employment, New York Times, Congressional, University of Washington, University of Victoria, UC Berkeley's Center, Dynamics, University of California, Business Locations: Nebraska, Florida, Washington ,, Washington, West, Wisconsin, Iowa, Mississippi, South Carolina, Seattle, California, British Columbia, New York, Irvine, America, Wiltshire
Chun Shui Tang founder Liu Han-chieh and managing director Angela Liu at one of their company's teahouses in Taichung. Chun Shui Tang's executives appear unperturbed by the many shapes and forms boba tea takes these days — Heinz ketchup boba tea, anyone? AdvertisementIn 2008, Chun Shui Tang introduced a boba tea hot pot with a savory tea-infused broth. Huileng Tan/Business InsiderChun Shui Tang OG shop in Taichung is a tourist hotspotToday, Liu's OG Chun Shui Tang teahouse in Taichung is on many tourists' checklists. Chun Shui Tang founder Liu said he isn't worried about the competition, because the market is big enough for everyone.
Persons: , Chui, Chui Shui Tang, Chun Shui Tang, Liu Han, Liu, It's, Lin Hsiu, Chun, Huileng Tan, Lin, Angela —, doesn't, he's, Tang, He's, boba, Tu, Liu's, Angela, Chun Shui, Angela Liu, Heinz, they've, Liu wasn't, Mark Anthony Villones, Villones, Filippino Mark Anthony Villones, Kayne Sy, China Chun Shui Tang, Jason Yu, Kantar, Aly Song, Yu, it's Organizations: Service, Business, Chun Shui, Starbucks, Purdue University, Chun Shui Tang, Liu's, BI Locations: Chui Shui, Taiwan, Taichung, Japan, Tainan, China, Huileng, , Philippines, Central China, Hong Kong
24-hour trading in the crosshairs
  + stars: | 2024-08-07 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email24-hour trading in the crosshairsBrian Hyndman, Blue Ocean Technologies CEO, joins Money Movers to discuss Robinhood's 24-hour trading issues and what that means for his trading company.
Persons: Brian Hyndman Organizations: Blue Ocean Technologies, Movers
New York CNN —US stocks wavered Wednesday, giving back earlier gains as investors tried to recover from the week’s bruising losses. The Dow fell 234 points, or 0.6%, after gaining more than 400 points earlier in the day. CNN’s Fear & Greed Index, which measures seven barometers of market sentiment, closed in “extreme fear” territory. The Cboe Volatility Index — Wall Street’s fear gauge — which measures bets on expected stock market volatility, fell to 27. The Magnificent Seven companies lost $615.6 billion in value on Monday, according to S&P Global data.
Persons: Dow, , Sean Frank Organizations: New, New York CNN, Nasdaq, . West Texas, Brent, Dow, Cloud Equity Group Locations: New York, Japan
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Longo went with what was easiest, consuming all the same things his American relatives and friends were eating. He was startled to discover he'd developed both high cholesterol and high blood pressure at a "very young" age, he said. Longo believes fasting can also propel an important cellular cleanup process in the body, called autophagy. And he says you don't have to spend a bundle of cash at trendy organic markets to make this diet work.
Persons: , Valter Longo, Jimi Hendrix, Longo, Alan Weissman, they're, weren't, he'd, Fortuitously, Longo's, Feng Wei, Roy Walford, Monica Bertolazzi, it's Organizations: Service, Business, gerontology, University of Southern, UCLA, University of Southern California Longevity Institute Locations: America, Genoa, Texas, University of Southern California, Los Angeles, Italy, Longo's, United States
The door plug was removed at the Boeing factory in Renton, Washington, last September so that problems with some rivets could be repaired. But the necessary paperwork for that temporary door plug removal was apparently never created. But under questioning from the NTSB Lund admitted that it’s not clear who and when that door plug was put in place. “Are you 100% sure there will never be an unauthorized removal (of a door plug)?” Homendy asked. Asked if he could promise there will not be another door plug improperly installed, Silva answer, “I cannot make a promise or guarantee of that.
Persons: Max, , Elizabeth Lund, Lund, it’s, Jennifer Homendy, Homendy, , ” Homendy, , Hector Silva, ” Silva, Silva, J, Todd Inman, AeroSystems, Manuel Balce Ceneta, James Phoenix, ” Phoenix, ” Lund, Boeing’s, CNN’s Owen Dahlkamp, Danya Gainor, Celina Tebor, Nicki Brown, Ramishah Maruf, Samantha Delouya Organizations: Washington CNN —, Boeing, National Transportation Safety Board, Alaska Airlines, NTSB, Alaska Air, Boeing Commercial Airplanes, CNN, Federal Aviation, FAA, Federal Aviation Administration, Boeing . Workers, Toyota Locations: Renton , Washington, Alaska, Washington
Vice President Kamala Harris has selected Minnesota Gov. Harris' campaign texted supporters Tuesday morning, calling Walz "a battle-tested leader who has an incredible track record of getting things done for Minnesota families" and asking for donations to support the new ticket. In picking Walz, who's in his second term and also served 12 years in Congress, Harris will have as her No. Harris also appreciates how different Walz is from her in terms of the contrast he can provide, the sources said. Karoline Leavitt, the Trump campaign press secretary, called Walz a "West Coast wannabe" who has tried "to reshape Minnesota in the image of the Golden State."
Persons: Kamala Harris, Tim Walz, Harris, texted, Walz, who's, Donald Trump, Joe Biden, they’ve, Harris ’, Josh Shapiro, Stephen Maturen, Walz's, Trump, , Biden, Jenn Ackerman, Sen, JD Vance, , Vance, Karoline Leavitt, ” Walz, Joe ”, , Picking Walz doesn't, George Floyd Organizations: Minnesota Gov, Democratic, Pennsylvania, Minn, Getty, Trump, Army National Guard, NPR, Marist, National Guard, House, Minneapolis Star Tribune, Democrats, New York Times, MAGA Inc, Golden, GOP, Midwestern, MAGA, Democratic National Convention Locations: Minnesota, Rust Belt, Wisconsin , Pennsylvania, Michigan, St, Paul, AFP, Nebraska, Mankato, Minneapolis, Minnesota’s, Golden State, America, U.S,
The stunning transformation of the 2024 presidential race will reach new heights Tuesday when Vice President Kamala Harris unveils her running mate after a sequence of events that left Republican nominee Donald Trump flailing. Harris is due to join her vice presidential pick at a rally in Philadelphia that will kick off a joint sprint across an electoral map expanded by President Joe Biden’s shelving of his own reelection bid just over two weeks ago. In the final hours of her search after a compressed vetting period, Harris narrowed in on two candidates — Pennsylvania Gov. Tim Walz, 60, sources told CNN, although Arizona Sen. Mark Kelly remained in the running as of Monday afternoon. Read Collinson’s full analysis on Harris as she is set to announce her VP pick.
Persons: Kamala Harris, Donald Trump flailing, Harris, Joe Biden’s, Josh Shapiro, Tim Walz, Arizona Sen, Mark Kelly, Shapiro, Walz, Trump, Biden, Harris ’, Read Organizations: Republican, Minnesota Gov, CNN, Democratic, Trump Locations: Philadelphia, Arizona, Wisconsin, Michigan
We saw another EMA crossover in May, signaling the end of the pullback and the start of a new bull run. July 2023 : Although the majority of the current correction unfolded in August, the EMA crossover signal had already appeared in July. For example, in May 2023, waiting for the EMA crossover would have meant missing out on 4.6% of the move. The trade setup: QQQ bull call spread To take a bullish trade on QQQ, I will be using a trade structure called a "bull call spread." For example, if QQQ is trading at $440 at the time of the EMA crossover, one could consider buying a 440-441 call spread.
Persons: bullish, Nishant Pant Organizations: Nasdaq, Corrections, Trust, EMA, ITM, CNBC, NBC UNIVERSAL Locations: QQQ
"What would you buy that you know that your household would need for the future?" "That could be like paper towels, it could be toilet paper, it could be things that you know that you're going to need long term." It's smart to adopt a similar mindset when the stock market pulls back as it did Monday, said Sun, who is also a member of the CNBC Financial Advisor Council. "When the stock market pulls back at these levels, these are great opportunities to invest in core names or a quality portfolio that you always wanted," she said. "It's better to buy things on sale than to buy at full price."
Persons: Winnie Sun, Sun, Roth Organizations: Sun Group Wealth Partners, CNBC, Finance, Dow Jones, Nasdaq, Dow Locations: Irvine , California
We've scoured the global watch options to highlight everything you need to know about how to watch USA vs. Germany free from anywhere. How to watch USA vs. Germany in the USUSA vs. Germany will live stream on Peacock and air on the USA network in the United States. Check price at FuboHow to watch USA vs. Germany in the UKUSA vs. Germany will live stream through Eurosport in the UK. How to watch USA vs. Germany in AustraliaUSA vs. Germany (and lots of other Olympics coverage) will be available through 9Now in Australia, which is a free streaming service that just requires account creation to use. How to watch USA vs. Germany from anywhereFans planning to be away from Australia when USA vs. Germany airs can still utilize their free option with a VPN.
Persons: We've, Peacock, ExpressVPN Organizations: Business, Paris, USA, United, Germany, Canada, Japan, NBC, Eurosport, Australia USA, Stan Sport Locations: United States, Germany, Brazil, Spain, USA, Australia, 9Now, Australian
Below, we've outlined everything you need to know when it comes to where to watch Olympic water polo, whether you're hoping to watch the men's or women's quarterfinal matches. Where to watch Olympic water polo in the USPeacock is the absolute hub for all things Olympics in the US. Check price at FuboWhere to watch Olympic water polo in the UKWater polo will be available to live stream on Eurosport in the UK. Where to watch Olympic water polo in AustraliaTo catch absolutely every moment of the Olympics and Olympic water polo in Australia, you'll need to subscribe to Stan Sport. How to watch Olympic water polo in FranceFrance.TV is the French home of the Olympics.
Persons: Flav, Jill Biden, we've, Peacock, Stan Sport, 9Now, ExpressVPN Organizations: Business, US, USA Water Polo, NBC Olympics, Hungary, Australia, NBC, Peacock, Eurosport, Olympics Locations: Paris, Spain, Netherlands, USA, Australia, France
Microsoft also claimed Delta turned down help after the CrowdStrike bug led to “blue screens of death” on Windows devices. Microsoft, CrowdStrike and Delta have been in a war of words since the airline hired a high-profile attorney to seek compensation from Microsoft and CrowdStrike. Delta CEO Ed Bastian lashed out at CrowdStrike in a CNBC interview last week and said the computer problems cost Delta $500 million. While other airlines were quick to resume normal operations after the CrowdStrike outage, Delta was forced to cancel about 30% of its schedule over those five days, leaving an estimated half-million passengers stranded. Free consulting advice to help us,” said the Delta CEO in an interview on CNBC.
Persons: cancelations, Delta, Ed Bastian, CrowdStrike, Mark Cheffo, , , Satya Nadella, Bastian, you’ve, ” Bastian, David Boies, George Kurtz, Michael Carlinsky, , CNN’s Chris Isidore Organizations: New, New York CNN, Microsoft, Delta Air Lines, CNBC, Delta, IBM, CNN, CrowdStrike Locations: New York, CrowdStrike, Delta
Market correction has more room to run, says Goldman Sachs
  + stars: | 2024-08-06 | by ( Hakyung Kim | ) www.cnbc.com   time to read: +1 min
Tuesday's market rebound doesn't mean the market is yet in the clear — instead, investors should brace for more market volatility following Monday's global sell-off, according to Goldman Sachs chief global equity strategist Peter Oppenheimer. The S & P 500 rose 1.04% on Tuesday in a broad relief rally that lifted all 11 of its sectors. Nonetheless, the correction hasn't yet fully run its course, Oppenheimer told CNBC's " Squawk on the Street " on Tuesday. However, Oppenheimer doesn't necessarily think the correction is bad for the market. According to Strategas strategist Todd Sohn, Monday's spike in the volatility index could be a positive omen for equities in the medium term.
Persons: Goldman Sachs, Peter Oppenheimer, Oppenheimer, CNBC's, We're, He's, Todd Sohn, Sohn Organizations: Nasdaq, Dow
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