Traders on the New York Stock Exchange experienced a rebound in the S&P 500 and Nasdaq Composite, with NVIDIA recovering from a slump, while the Dow Jones Industrial Average was down due to declines in Boeing, Goldman Sachs, and Home Depot. Volkswagen plans to invest up to $5 billion in Rivian, a struggling electric vehicle startup. Sixteen Nobel Prize-winning economists warned of inflation risks under a potential second term for former President Donald Trump. Federal Reserve Governor Michelle Bowman signaled a willingness to raise interest rates if inflation worsens. The European Union has accused Microsoft of antitrust violations concerning the bundling of its Teams and Office products. In the world of investing, the “Dogs of the Dow” strategy has outperformed the broader market, with Goldman Sachs achieving returns of over 20%. In the aerospace industry, China’s Chang’e 6 probe returned with moon samples, but Boeing is facing problems in space and with its aircraft. Airbus is struggling with supply chain issues due to Boeing-related problems. Nvidia shares recovered after a significant decline, with investors showing confidence in the company’s future growth. Hedge funds have been rotating out of tech stocks, affecting the Nasdaq and Dow indices. Analysts predict a potential market downturn and consolidation as investors assess the sustainability of current market trends.
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https://www.cnbc.com/amp/2024/06/26/cnbc-daily-open-nvidia-rallies-after-sell-off-lifts-sp-500-and-nasdaq-.html
