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27 minutes ago
European stocks start higher
European stock markets opened higher on Monday, but gains in sectors and stocks were cautious.
France’s CAC40 index rose 0.4%, Germany’s DAX rose 0.3%, and Britain’s FTSE100 index was flat.
See chart…
STOXX 600 index.
9 hours ago
CNBC Pro: How to build a diversified bond portfolio with up to 6% yield from the pros.
8 hours ago
The S&P 500 could end the year at 5,500, says InfraCap’s Jay Hatfield.
The S&P 500 index hit a new all-time high this week, closing above a key milestone of 5,000 points on Friday afternoon. But Jay Hatfield of Infrastructure Capital Advisors thinks the index still has room to rise through 2024.
Hatfield’s year-end target is a composite index of 5,500, representing a potential 9% upside. But in the short term, he thinks the market will remain mostly stagnant as investors wait for the U.S. Federal Reserve to start cutting interest rates.
“I don’t think we’re going to get to 5,500 people any time soon,” he told CNBC. “We’re likely to see a Fed and ECB rate cut in June, possibly May, but we’ll stall around 5,000 or 5,100 until we get more clarity on both Fed and ECB rate cuts,” he told CNBC. I’m guessing that’s the case,” he said.
— Lisa Kailai Han
9 hours ago
CNBC Pro: These global tech stocks are included in Citi’s “High Conviction” list. One was given an upside of almost 80%
Tech stocks have already performed well, and investors may be wondering if there’s more to come.
Investors looking for more upside in tech stocks should consider some of the tech stocks included in Citi’s list of top “high-conviction” stocks from markets in the U.S., Europe, Asia Pacific, and Latin America. You can do it too.
CNBC Pro subscribers can read more here.
— Tan Weizhen
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