Investors are in a festive mood | Real Time Headlines

This report comes from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open keeps investors updated on everything they need to know, no matter where they are. Like what you see? You can subscribe here.

S&P and Nasdaq reach new highs
The US market is Monday mix. this S&P 500 Index and Nasdaq Index Climbing to new highs, but Dow Jones Industrial Average dropped. Pan-European Stoke 600 up 0.66% from fall earlier. shares star Shares fell 6.3% after CEO Carlos Tavares took over resign on sunday There are “different opinions” with the board of directors.

Intel CEO ousted
Intel Removing CEO Pat Gelsinger weekend. One source said the decision, announced on Monday, was due to the board’s lack of confidence in Kissinger’s plans. His replacements as interim co-CEOs are Chief Financial Officer David Zinsner and Chief Product Officer MJ Holthaus. Gelsinger was named CEO in 2021 but failed to turn around the troubled company.

$56 billion Musk plan rejected
Tesla CEO Musk failed to get his $56 billion 2018 Salary Plan Restored. A Delaware judge has upheld her previous ruling that a compensation plan was improperly awarded. Tesla shareholders have voted The plan was “approved” in June. However, the judge wrote in her opinion, “Even if a shareholder vote could have a ratifying effect, it cannot do so here.”

U.S. Cryptocurrency Law Will Be Passed “Quickly”
The United States will Pass cryptocurrency legislation President-elect Donald Trump’s inauguration ‘pretty soon’, according to Faryar Shirzad Coin library. “We have the most pro-crypto Congress in history, and we have a very pro-crypto president in office,” Shirzad told CNBC last week.

(PRO) Interest rate cuts are a foregone conclusion
Last week, the odds of a rate cut by the Federal Reserve in December seemed like a coin toss. Traders appear to be starting to change their minds, believing the Fed will Three interest rate cuts Total.

this S&P 500 Index 0.24% was added, and Nasdaq Indexpower ups Tesla’s up 3.5% and super microcomputer surge 29%up 0.97%. Both indexes closed at new highs. this Dow Jones Industrial Average Although it briefly exceeded 45,000 points during the day, it still fell 0.29%.

“The holidays are in full swing and sentiment appears to be positive, at least among investors.” UBS wrote in Monday’s note. In fact, 56.4% of consumers expect stock prices to rise over the next year, according to one survey poll Developed by The Conference Board. This is the highest level ever recorded.

Don’t get gloomy this holiday season, but analysts are seeing signs that optimism may be taking root in Wonderland.

The stock may have a Incredible rally in NovemberInfraCap founder and CEO Jay Hatfield told CNBC that this may be investors “pricing upwards on the new pro-business administration.”

Hatfield added that now investors “need to know the details – not just the tweets – but the details of the policy,” suggesting the rally could be temporarily paused.

Investment bank Oppenheimer also noted that stocks remain expensive. “Benchmarks point to forward price-to-earnings ratios above the five-year average,” chief investment strategist John Stoltzfus wrote on Monday.

UBS believes that investor enthusiasm “raises concerns about a bubble in the market.”

A bubble means things will settle down, which isn’t necessarily a bad thing in the long run.

However, Oppenheimer believes that the bull market is “driven by fundamentals” and will continue to move higher next year despite high valuations. Likewise, Savita Subramanian, head of U.S. equities and strategy at Bank of America, believes there are “strong reasons to stick with stocks over bonds for the long term.”

After all, a layer of foamed milk adds to the delicious flavor of the cappuccino without affecting the coffee underneath.

—CNBC’s Lisa Kailai Han, Alex Harring and Pia Singh contributed to this report.