S&P 500 and Nasdaq closed at record highs in a session ahead of the July 4 holiday. Megacap technology stocks, Tesla and Nvidia, led the charge.
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 subscribeFederal Reserve officials at their June meeting noted that while inflation was improving, it wasn't yet enough to lower interest rates, according to minutes released Wednesday.
Get the CNBC Daily Open report in your inbox every morning and keep up to date with the markets wherever you are. " and emphasizes the real opportunity lies in autonomy. He highlights the importance of August 8, when Musk will showcase Tesla's robotaxi, although he cautions that financial returns from robotaxis are still far off.
"The overall market is in the trillions of dollars. I'm only saying they're going to get $400 billion of this game-changing market," Narayan said.Jim Paulsen, author of the "Paulsen Perspectives" newsletter, said the S&P 500's run to records has been "," with only a few stocks winning because the Fed has been raising rates, something rarely seen during bull markets.
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