Dow jumps as investors spin out of tech; Nvidia sinks

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 24, 2024. Brendan McDermid | Reuters 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. … Read more

5 things to know before the stock market opens on Monday, June 24

Here are the top five things investors need to know to start day trading: 1. Smooth sailing of S&P 500 was down 0.16% on Friday, but still posted a 0.6% gain for the week. The broad market index’s recent gains have come with relatively little volatility. The S&P 500 has gone 377 days without a … Read more

Monday’s top analyst calls on Wall Street like Nvidia

Here are the biggest calls on Wall Street Monday: Jefferies reiterates Nvidia after buy Jefferies raised its price target on Nvidia to $150 a share from $135. “NVDA remains the king and maker – for example, we still see growth for MRVL and ALAB alongside NVDA, but NVDA’s decisions for each generation could change that … Read more

Here’s the average 401(k) savings rate and where your goal should be

Hispanolist | E+ | Getty Images The average 401(k) savings rate — including employee deferrals and company contributions — has maintained historic levels as plans make it easier for workers to put money away. In 2023, the average combined savings rate was about 11.7%, matching a record high from 2022, according to Vanguard’s annual analysis … Read more

Shein files confidentially for IPO in London

A Shein pop-up store at ABC Serrano in Madrid, Spain, April 26, 2024. Alejandro Martinez Velez | Europa Press | Getty Images Shein, the fast-fashion giant with ties to China, has confidentially filed for a public listing in London after facing strong backlash in the U.S., a person familiar with the matter told CNBC. The … Read more