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☆ CNBC Daily Open: Tech is loving the possible rate pause
▼ + stars: | 2023-06-13 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Hopes for a pause in interest rates helped to send stocks higher Monday. (Higher rates today lower the value of tech's growth tomorrow.) Big Tech stocks mostly rose at least 1%; Apple even hit an all-time high of $183.79 per share. On an average day, 80.6 million shares of the SPDR S&P 500 ETF Trust, a tracker of the broad S&P 500 index, are traded.

Persons: Tim Cook, Mark Zandi, Oracle's, That's Organizations: Apple Inc, Apple Vision, Apple Worldwide, Apple, CNBC, Traders, Federal Reserve, Moody's Analytics, Big Tech, Nasdaq, Dow Jones, Trust, Tech Locations: Cupertino , California, That's

☆ CNBC Daily Open: Everyone's expecting inflation to slow down
▼ + stars: | 2023-06-13 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +1 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. (Higher rates today lower the value of tech's growth tomorrow.) Big Tech stocks mostly rose at least 1%; Apple even hit an all-time high of $183.79 per share. The S&P 500 added 0.93%, further adding to the gains it's accumulated over the past few days, and the Dow Jones Industrial Average climbed 0.56%. On an average day, 80.6 million shares of the SPDR S&P 500 ETF Trust, a tracker of the broad S&P 500 index, are traded.

Persons: Mark Zandi, Oracle's, That's Organizations: CNBC, Traders, Federal Reserve, Moody's Analytics, Big Tech, Nasdaq, Dow Jones, Trust, Tech Locations: That's

☆ CNBC Daily Open: Bull market? Not really
▼ + stars: | 2023-06-12 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +1 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The S&P 500 inched up 0.11%, the Dow Jones Industrial Average added 0.13% and the Nasdaq Composite climbed 0.16%. In sum: Despite calls that we're in a new bull market, it's not so certain, especially since the S&P is still more than 10% off its all-time high. Keep an eye out for the consumer price index and the Federal Open Market Committee meeting this week for clearer signs on whether the S&P is really on track to welcome the bulls.

Persons: Stephen Suttmeier, everyone's, JPMorgan's Michele, FactSet Organizations: CNBC, Dow Jones, Nasdaq, Bank of America, Federal

☆ CNBC Daily Open: Don’t get too bullish yet
▼ + stars: | 2023-06-12 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The S&P 500 inched up 0.11%, the Dow Jones Industrial Average added 0.13% and the Nasdaq Composite climbed 0.16%. The S&P had four straight weeks of gains, but more significantly, it's up 20% from its October low. "Everything we own in our portfolios, we're stressing for a couple quarters of -3% to -5% real GDP," Michele said.

Persons: Stephen Suttmeier, everyone's, JPMorgan's Michele, FactSet, Michele Organizations: NYPD Emergency Service Unit, Financial, CNBC, Dow Jones, Nasdaq, General Motors, Bank of America, Federal Locations: Manhattan , New York City

☆ CNBC Daily Open: Economies can suffer from shrinkflation too
▼ + stars: | 2023-06-09 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

View of the building which houses the headquarters of the European Economic and Social Committee and the European Committee of the Regions on April 28, 2023 in Brussels, Belgium. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. But it's still "too high" and "set to remain so for too long," said European Central Bank President Christine Lagarde. But with April's inflation jumping more than expected to 6.8%, the central bank seems compelled to slow the economy further.

Persons: Christine Lagarde, Philip Lowe, shrinkflation Organizations: European Economic, Social Committee, European Committee of, Regions, CNBC, European Central Bank, Reserve Bank of Australia, Federal Reserve Locations: Brussels, Belgium, Canada, Australia, U.S

☆ CNBC Daily Open: Beware the real shrinkflation
▼ + stars: | 2023-06-09 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What's scarier is the shrinkflation that's happening in economies. But it's still "too high" and "set to remain so for too long," said European Central Bank President Christine Lagarde. But with April's inflation jumping more than expected to 6.8%, the central bank seems compelled to slow the economy further. Yesterday's gains in markets is certainly welcome, but investors should beware shrinkflation hitting the U.S. economy as well.

Persons: Christine Lagarde, Philip Lowe, shrinkflation Organizations: CNBC, European Central Bank, Reserve Bank of Australia, Federal Reserve Locations: Brussels, Belgium, Canada, Australia, U.S

☆ CNBC Daily Open: Winds of change are blowing, but the haze remains
▼ + stars: | 2023-06-08 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +1 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Chris Licht relinquished his position as CNN's CEO and left the company, Warner Bros Discovery, the parent company of CNN, said Wednesday morning. So it was perhaps not surprising that investors were relieved by his departure, as indicated by the 8.43% jump in Warner Bros ' shares. Cohen is known as "the god figure of the meme-stock community," a Reddit user, who preferred to be anonymous for fear of retaliation, told CNBC.

Persons: Chris Licht, Licht's, Donald Trump, Matthew Furlong, Ryan Cohen, Cohen, GameStop's Organizations: Penn, Empire, CNBC, Warner Bros Discovery, CNN, Warner Bros, GameStop Locations: New York City, New York

☆ CNBC Daily Open: How quickly prospects change
▼ + stars: | 2023-06-08 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +4 min

Kevin Mazur | Getty Images Entertainment | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. U.S. Treasury Secretary Janet Yellen told CNBC she wouldn't be surprised if more banks start to consolidate, given the increased pressures on the banking system. The bottom lineProspects — for both firms and markets — changed as quickly and suddenly as the haze engulfed New York. Smaller companies are more sensitive to economic conditions because they tend not to have the financial heft to defy a downturn.

Persons: Chris Licht, Kevin Mazur, Janet Yellen, wouldn't, Yellen, Elon Musk, Licht's, Donald Trump, Matthew Furlong, Ryan Cohen, Cohen, GameStop's, Russell, That's, LPL, Quincy Krosby Organizations: CNN Worldwide, Warner Bros, Madison, Garden, Getty, CNBC, Dow Jones, Treasury, Millionaires, CNBC Millionaire Survey, Warner Bros Discovery, CNN, GameStop, Big Tech, Microsoft, Google, Nvidia, Qualcomm, Nasdaq Locations: New York City, U.S, Mongolia, New York

☆ CNBC Daily Open: Troubled economies, calm markets
▼ + stars: | 2023-06-07 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Despite stumbles in some big-name stocks yesterday, U.S. markets managed to climb as the uncertainty of previous weeks dissipated. Apple shares dipped 0.2% as investors digested information on the technology giant's new mixed reality headset. The CBOE Volatility Index, a measure of investors' 30-day expectations and typically seen as Wall Street's fear gauge, dropped to 13.96 yesterday.

Persons: Goldman Sachs, Samik Chatterjee, Coinbase, weren't fazed, —, That's Organizations: CNBC, Apple, Worldwide Developers, JPMorgan, Boeing, BMO Capital Markets, Nasdaq, Dow Jones, Fed Locations: Lianyungang Port, East China's Jiangsu, U.S

☆ CNBC Daily Open: New highs for the S&P and Nasdaq
▼ + stars: | 2023-06-07 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Knife River Corporation CFO Nathan Ring, rings the bell on the floor of the New York Stock on June 01, 2023 in New York City. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Despite stumbles in some big-name stocks yesterday, markets managed to climb as the uncertainty of previous weeks dissipated. Apple shares dipped 0.2% as investors digested information on the technology giant's new mixed-reality headset.

Persons: Nathan Ring, Goldman Sachs, Samik Chatterjee, Coinbase, weren't fazed, — Organizations: New York Stock, CNBC, Apple, Worldwide Developers, JPMorgan, Boeing, BMO Capital Markets, Nasdaq, Dow Jones, Fed Locations: New York City

☆ CNBC Daily Open: Apple failed to impress
▼ + stars: | 2023-06-06 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Apple CEO Tim Cook next to Apple's new Vision Pro virtual reality headset, at the Apple Park campus in Cupertino, California, on June 5, 2023. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Investors were hoping Apple could save the metaverse — the idea of a shared, immersive and virtual space — which has been struggling to attract attention and users. Apple's shares lost momentum and ended the day lower.

Persons: Tim Cook, Binance Organizations: Apple, CNBC, Worldwide Developers, SEC, Dow Jones, Nasdaq Locations: Cupertino , California

☆ CNBC Daily Open: Apple fails to impress
▼ + stars: | 2023-06-06 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

The new Apple Vision Pro headset is displayed during the Apple Worldwide Developers Conference on June 05, 2023 in Cupertino, California. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Apple's shares lost momentum and ended the day lower. And even though Apple's augmented-reality headset promises to make apps three-dimensional, the tech-heavy Nasdaq Composite was essentially flat.

Persons: Binance, Bitcoin, — Organizations: Apple Vision, Apple Worldwide, CNBC, Worldwide Developers, Apple, SEC, Dow Jones, Nasdaq Locations: Cupertino , California

☆ CNBC Daily Open: A Goldilocks jobs market?
▼ + stars: | 2023-06-05 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. And yes, the astounding number of new jobs added in May suggests that the labor market is still robust, which might add to inflationary pressures. Average hourly earnings were 10 basis points lower than forecast on an annual basis — but still higher than the historical average. That impressive showing doesn't bring the Russell to par with the S&P's gain year to date, but in the past week, the Russell rose 3.3% while the S&P added 1.8%.

Persons: Biden, that's, Terry Sandven, CNBC's Ari Levy, Russell, it's Organizations: CNBC, Federal Reserve, U.S, Bank Wealth Management, Markets, Dow Jones, Nasdaq Locations: U.S

☆ CNBC Daily Open: The Goldilocks effect
▼ + stars: | 2023-06-05 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Average hourly earnings were 10 basis points lower than forecast on an annual basis — but still higher than the historical average. "The so-called Goldilocks has entered the house," Terry Sandven, chief equity strategist at U.S. Bank Wealth Management, said. That impressive showing doesn't bring the Russell to par with the S&P's gain year to date, but in the past week, the Russell rose 3.3% while the S&P added 1.8%.

Persons: Joe Biden, Biden, that's, Terry Sandven, CNBC's Ari Levy, Russell, it's Organizations: White, CNBC, Federal Reserve, U.S, Bank Wealth Management, Markets, Dow Jones, Nasdaq Locations: Washington , DC, U.S

☆ CNBC Daily Open: We made it through May — and maybe the debt ceiling too
▼ + stars: | 2023-06-01 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. For the month, the S&P inched up 0.3%, the Dow sank 3.5% and the Nasdaq jumped 5.8%. Stock futures mostly ticked down Wednesday night even after the House passed the bill to suspend the debt limit. Subscribe here to get this report sent directly to your inbox each morning before markets open.

Persons: Kevin McCarthy, Dow, Walt, Cryptocurrency, Bitcoin Organizations: U.S, Capitol, Washington , DC, CNBC, Dow Jones, Nasdaq, Dow, Nike, Walt Disney, Chevron, Nvidia, The Locations: Washington ,

☆ CNBC Daily Open: Congratulations on getting through May
▼ + stars: | 2023-06-01 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +1 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The old Wall Street adage to sell in May and go away held true this year — aside from AI-related stocks, that is. Cryptocurrency might want to divorce itself from traditional financial systems, but it can't escape the gravitational pull of Wall Street. Subscribe here to get this report sent directly to your inbox each morning before markets open.

Persons: Dow, Walt, Cryptocurrency, Bitcoin Organizations: CNBC, Dow Jones, Nasdaq, Dow, Nike, Walt Disney, Chevron, Nvidia, The

☆ CNBC Daily Open: The A.I. rally's too narrow
▼ + stars: | 2023-05-31 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Everyone else, however, is a bystander reaping no benefits — and that could have implications for broader markets. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Everyone else, however, isn't so much a loser, but a bystander reaping no benefits — and that could have implications for broader markets. Subscribe here to get this report sent directly to your inbox each morning before markets open.

Persons: Jensen Huang, Wood, We're, Andrew Smith, Javed Mirza, Ataman Ozyildirim, we've Organizations: Nvidia, CNBC, . Semiconductor, Marvell, Broadcom, Big Tech, Apple, Microsoft, Delos Capital Advisors, Conference, The Conference Board Locations: Taipei, Dallas, Canada, U.S

☆ CNBC Daily Open: The A.I. rally is too narrow
▼ + stars: | 2023-05-31 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Persons: Wood, We're, Andrew Smith, Javed Mirza, Ataman Ozyildirim, we've Organizations: NVIDIA, CNBC, . Semiconductor, Nvidia, Marvell, Broadcom, Big Tech, Apple, Microsoft, Delos Capital Advisors, Conference, The Conference Board Locations: Taipei, Dallas, Canada, U.S

☆ CNBC Daily Open: After the debt ceiling, inflation
▼ + stars: | 2023-05-29 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. In fact, going by the PCE report, consumers spent more on goods and services in April than in March. This suggests inflation isn't high and moderating — as the consumer price index, another inflation reading, stated — but is high and increasing. In other words, the debt ceiling fracas might soon be over, but that means we're returning to a world of sticky inflation, high interest rates and an ever-impending recession.

☆ CNBC Daily Open: First the debt ceiling, then inflation
▼ + stars: | 2023-05-29 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. In fact, going by the PCE report, consumers spent more on goods and services in April than in March. This suggests inflation isn't high and moderating — as the consumer price index, another inflation reading, stated — but is high and increasing. In other words, the debt ceiling fracas might soon be over, but that means we're returning to a world of sticky inflation, high interest rates and an ever-impending recession.

☆ CNBC Daily Open: Debt ceiling detours
▼ + stars: | 2023-05-22 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

The good news: Biden will meet McCarthy in person later today to discuss the debt ceiling, after a pause in negotiations over the weekend. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The Writers Guild of America may be on strike now, but we don't lack gripping drama — in the form of the U.S. debt ceiling negotiations. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ CNBC Daily Open: Debt ceiling detours and divisiveness
▼ + stars: | 2023-05-22 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

☆ CNBC Daily Open: Exhale and breathe
▼ + stars: | 2023-05-19 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

People walk by the bronze sculpture 'Fearless Girl' outside of the New York Stock Exchange (NYSE) on April 21, 2023 in New York City. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Dallas Federal Reserve President Lorie Logan, a voting member of the Federal Open Market Committee, thinks economic data don't support a pause in rate hikes. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ CNBC Daily Open: Time to exhale and breathe
▼ + stars: | 2023-05-19 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

A trader walks out of the New York Stock Exchange (NYSE) on Wall Street in New York City on May 12, 2023. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Dallas Federal Reserve President Lorie Logan, a voting member of the Federal Open Market Committee, thinks economic data don't support a pause in rate hikes. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ CNBC Daily Open: Farewell for now, default fears
▼ + stars: | 2023-05-18 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Progress on U.S. debt ceiling talks and a sign of health at one regional bank gave markets the confidence to rally Wednesday. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Progress on U.S. debt ceiling talks and a sign of health at one regional bank gave markets the confidence to rally Wednesday. PacWest, another regional bank, surged 21.7%, while the broader SPDR S&P Regional Banking ETF (KRE) rose 7.4%.

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