The Dow Jones Industrial Average rose 260 points as investors rotated out of technology and into banking and energy stocks, such as Goldman Sachs and Chevron.
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 subscribebefore the November election due to political considerations. "Generally the Fed wants to stay out of politics," Rubenstein told CNBC's Andrew Ross Sorkin on ".
After months of complaints from investors about Wall Street's rally being too narrow and overly reliant on a handful of technology stocks, the market appeared to take a step toward broadening out. Theto broader economic concerns. "The pullback is coming out of a macro level. People are worried about the consumer side, where the economy is headed, and they're doing some profit-taking ahead of summer," Wang explained. "I would buy on the dip.
Wang has a price target of $200 for Nvidia, representing an almost 70% upside from Monday's close. During an interview with CNBC's "Squawk Box," he outlined. This lack of volatility has been attributed to investor caution, with many sitting on the sidelines concerned that the market and stocks may have already gotten ahead of themselves.
Bank of America chief equity technical strategist Stephen Suttmeier believes there's a lot of cash sitting on the sidelines but investors are concerned we are in an " "I think the market is continuing to run-up because not enough people are on board with it," Suttmeier told CNBC's "" on Monday. "We've been staying overbought...and people hate chasing overbought markets, and I think that's the reason overbought markets continue to grind higher.
Stock Markets S&P Rating Services Government And Politics Interest Rates Interest Rates Federal Reserve System Economic Policy Economic Outlook Dow Jones Industrial Average Technology Stock Indices And Averages United States Breaking News: Markets Markets World Markets Artificial Intelligence Commercial Banking NVIDIA Corp Janet Yellen Microsoft Corp Marine Le Pen France Government Elections Breaking News: Technology Business News
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
CNBC Daily Open: Dow gains as investors turn to banking and energy stocks; Nvidia sinksThe Dow Jones Industrial Average rose 260 points as investors rotated out of technology and into banking and energy stocks, such as Goldman Sachs and Chevron.
Baca lebih lajut »
CNBC Daily Open: Dow jumps as investors rotate out of tech; Nvidia sinksThe Dow Jones Industrial Average rose 260 points as investors rotated out of technology and into banking and energy stocks, such as Goldman Sachs and Chevron.
Baca lebih lajut »
CNBC Daily Open: Dow posts best week since May, Tesla cuts 14% of workforceNvidia added a staggering $880 billion to its market cap, but shares fell almost 7%, wiping out more than $220 billion in value.
Baca lebih lajut »
CNBC Daily Open: Dow posts best week since May, Tesla cuts 14% of workforceNvidia added a staggering $880 billion to its market cap, but shares fell almost 7%, wiping out more than $220 billion in value.
Baca lebih lajut »
CNBC Daily Open: Dow posts best week since May, Tesla staff down by 14%Nvidia added a staggering $880 billion to its market cap, but shares fell almost 7%, wiping out more than $220 billion in value.
Baca lebih lajut »
CNBC Daily Open: GameStop can't stop, Dow dropsGameStop closed 21% higher after jumping more than 70%, as meme stock leader Keith Gill appeared to hold on to a massive position in the video game retailer.
Baca lebih lajut »