S&P 500 closes above 5,600 for the first time. Archegos founder convicted of market manipulation. Tesla is a 'meme stock.'
Traders work on the floor of the New York Stock Exchange during morning trading on October 04, 2023 in New York City.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.
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..
The 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. Not to be outdone, India's S&P BSE Sensex has soared nearly 11% so far this year., chairman of Rockefeller International, told CNBC. "It's the most expensive market in the world today.
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