원문 보기
CNBC business news. I'm Jessica Edinger, the market closed with a mixed start to November trading for the major indices. The tech rally died down on Monday afternoon. The NASDAQ started November with a 1% loss. Let's start with the Dow. It rose by 213 points. The S&P 500 fell 38. The NASDAQ fell 272 points.
This is a rather disappointing failed attempt at a rebound. Semiconductor stocks ended the day 5% below their intraday highs. So, if semiconductors can't handle themselves , then you should ask yourself if you want a market that's led daily by Berkshire Hathaway and Walmart. And this is exactly what we have now.
This is Mike Santoli from CNBC. Companies whose stocks hit new all-time highs on Monday include Marriott, Hilton, Mastercard, Visa and Berkshire Hathaway's Class B shares. Apple reported better-than-expected earnings and revenue results overall in the first quarter for new CEO John Turnus. Service revenue was lower than forecast.
Apple has cash reserves worth almost $137 billion. The shares fell slightly in over-the-counter trading. James Demmert of Main Street Resources speaks with CNBC's Brian Sullivan . Is this a shelter action? Let's put our money in Apple, even if we don't support Apple. We just know that Apple, I don't want to call it a utility, but it's somewhat like one.
A little. They are aloof from the drama of capital expenditure and ROI of AI. If you think of it as a safe trade, it trades at a 35x profit margin . It's not cheap. Palantir released results after the close of trading on Monday. It beat Wall Street expectations for earnings and revenue. Its shares rose slightly after the close of trading.
Tuesday is midterm election day, which could be good for stocks. You know, the market has never really cared about who won the midterm elections. Rather, the point is that the midterm elections are a kind of clarifying event. Markets tend to feel better after we get through the midterm election phase.
From October of a midterm election year to the following October, markets have never fallen since World War II. And on average, they grew by about 16% year over year. CFRA's Arun Sundararam on CNBC. The results of the by-elections could lead to a split in the government. SMB C America's chief economist, Joe LaVorgna, worked in both Trump administrations.
There are three factors. The first is the level of approval or disapproval of the president. There is a general bulletin. And there is also a gap in the level of enthusiasm. All three are highly accurate indicators of results. They are all in favor of the Democrats. This looks a lot like 2006. In 2006, Republicans lost 31 seats in the House of Representatives and six seats in the Senate.
I expect a similar scenario this week. In addition to the election results, we have a big week ahead with jobs statistics. It will begin on Tuesday with the JOLTS report on job vacancies and turnover. With us is Sarah Eisen from CNBC. JOLTS is a good indicator of how tight the labor market is. It's usually a bit colder, but there are still plenty of vacancies.
Then on Wednesday there will be private sector jobs data, which will lead us to the big government report on Friday. And this will obviously be a significant event. We are not seeing such rapid job creation, but the unemployment rate is still quite low. It is now 4.2%. We are experiencing a situation with low layoffs and low hiring.
Most people have jobs. On Tuesday, earnings reports from chipmaker AMD, Pfizer , Amgen, Yum! are on the waiting list. Brands, as well as CNBC's parent company—Versant Media . Jessica Edinger, CNBC.
댓글 0