CNBC Daily Open: Economic growth and inflation might remain strong

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 subscribe  here .

Dow breaks 43,000 level 
On Monday, the S&P 500 advanced 0.77% and the Dow Jones Industrial Average climbed 0.47%. Both indexes closed at fresh highs, with the Dow closing above 43,000 for the first time. The Nasdaq Composite rose 0.87%. Europe's regional Stoxx 600 index added 0.53%. The European Central Bank meets Thursday, during which it's anticipated to cut interest rates for the third time this year. 

Nvidia's numbers aren't a hallucination 
Nvidia shares rose 2.4% to close at $138.07, a new record for the stock. The artificial intelligence chipmaker's previous high was $135.58, which it hit on June 18. Year to date, the stock has risen around 180%. More impressively, if we compare its price from the start of 2023 until today, Nvidia shares are up more than 800%. 

Tread with caution 
The U.S. Federal Reserve might slow down its pace and the size of interest rate cuts at its upcoming meetings, suggested Fed Governor Christopher Waller on Monday. Data on employment, inflation and economic growth have signaled that the "economy may not be slowing as much as desired," Waller said. 

Fasten your seatbelts 
The strike by Boeing workers is now in its second month. It has already cost Boeing more than $1 billion, according to estimations by S&P Global, and negotiations are still at an impasse. On Friday afternoon, CEO Kelly Ortberg announced Boeing will cut 17,000 jobs, and will not deliver its wide-body 777X plane until 2026 — six years behind schedule. 

[PRO] Small cap strategy 
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