S&P 500, Nasdaq close at all-time highs; Elliott threatens proxy fight, Germany’s bitcoin sale pressures prices.
Traders work on the floor at the New York Stock Exchange in New York City, U.S., December 1, 2023.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 subscribeElliott seeks to oust CEO Bob Jordan and Executive Chairman Gary Kelly, citing underperformance and cultural issues.
"We are making assumptions about what this technology can do, that we haven't proven, and we are applying it in places where it may not work. If that's true, the mania is going to come to an end, and the largest stocks in the S&P 500 are all going to be heavily affected."
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