CNBC Daily Open: Dow at record high, Iran’s president dies in helicopter crash
This report is from today's CNBC Daily Open, our new, 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 subscribe here .
Asia markets rise
Mainland China's CSI 300 index rose 0.2% and Hong Kong's Hang Seng climbed 0.5% as China kept its one- and five-year loan prime rates on hold. It comes after Beijing on Friday laid out measures to boost the property market.. Elsewhere in the Asia-Pacific region, Japan's Nikkei 225 was the biggest mover, up 1%, while South Korea's Kospi added 0.5% ahead of an interest rate decision on Thursday. Australia's S&P/ASX 200 gained 0.6%.
Iran's president killed in helicopter crash
Iranian President Ebrahim Raisi died in a helicopter crash along with Foreign Minister Hossein Amirabdollahian, state media reported Monday. "All the passengers of the helicopter carrying the Iranian president and foreign minister were martyred," semi-official news agency Mehr News reported. Raisi was returning after inaugurating a dam on Iran's common border with the Azerbaijan Republic, when his helicopter crashed on landing in northern Iran's Varzaqan region.
Dow settles above 40,000
The Dow Jones Industrial Average closed above the 40,000 mark for the first time in history. The 30-stock index was up for the fifth consecutive week and climbed more than 6% this year. The S&P 500 and Nasdaqeked out gains on Friday and are up more than 11% in 2024. Treasury yields rose and oil prices climbed higher.
Tesla layoffs continue
Tesla is cutting approximately 600 more employees across its manufacturing facilities and engineering offices in California. Elon Musk's electric vehicle venture is facing increased