S&P 500 closes above 5,600 for the first time. Archegos founder convicted of market manipulation. Tesla is a “meme stock.”
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe, which could provide evidence for an interest rate cut. The index rose for the seventh straight day, registering its 37th record close this year. Theby a Manhattan jury.
in 2021. Both pleaded not guilty to multiple charges. They face up to 20 years in prison for each conviction.will not acquire the software company. The news comes amid increased regulatory scrutiny of proposed large tech acquisitions, including those by. The acquisition of HubSpot, which specializes in marketing automation software for small- and medium-sized businesses, would have bolstered Google's business software revenue and diversified Alphabet's portfolio..
AI-related stocks have fueled half the gains in the MSCI All Country World Index, despite representing only 14% of its market cap. Citi analysts haveThe S&P 500 notched its 37th record high. That may sound impressive, but the market is grinding higher on the backs of a handful of megacaps. However, there is another market that is in the midst of a broad-based bull run — clocking upis up almost 12% this year.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CNBC Daily Open: A true bull market — it's not Wall StreetS&P 500 closes above 5,600 for the first time. Archegos founder convicted of market manipulation. Tesla is a “meme stock.”
Read more »
CNBC Daily Open: Tesla soars, S&P closes above 5,500The S&P 500 closed above 5,500 for the first time as the Fed Chair announced inflation progress. Tesla shares surged 10.2% despite a drop in deliveries.
Read more »
CNBC Daily Open: Tesla soars, S&P closes above 5,500The S&P 500 closed above 5,500 for the first time as the Fed chair announced inflation progress. Tesla shares surged 10.2% despite a drop in deliveries.
Read more »
CNBC Daily Open: Musk threatens Apple banElon Musk threatened to ban Apple devices from his companies over the iPhone-maker's partnership with OpenAI.
Read more »
CNBC Daily Open: Fed watch, Apple popsApple's shares rose to a record high a day after it announced its push into artificial intelligence after partnering up with OpenAI.
Read more »