CNBC Daily Open: Nasdaq hits high even as poor earnings growth disappoints investors
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 .
New high for Nasdaq
On Friday, the Nasdaq Composite hit an all-time high, but the S&P 500 and Dow Jones Industrial Average fell and snapped their six-week winning streaks. Europe's regional Stoxx 600 index dipped 0.03% to end last week 1% lower. Earnings season for European companies has been mixed so far.
Japan's ruling coalition loses parliamentary majority
Japan's Liberal Democratic Party and its Komeito partner will lose their parliamentary majority, according to projections from public broadcaster NHK and publication Nikkei Asia, while the opposition camp made significant gains. The Japanese yen fell against the U.S. dollar on the political uncertainty.
Tesla erases 2024's losses
Tesla shares rose 3.4% on Friday, following its furious rally the day before when it shot up 22%. After those two days of gains, the stock has regained all its losses for the year and is trading 8.4% higher for 2024. However, that still lags the Nasdaq's 23% increase.
Waymo raises $5.6 billion
Waymo, the Alphabet-owned autonomous vehicle venture, has raised $5.6 billion in its recent funding round. The funds would go toward expanding Waymo Driver, its robotaxi service, in current and new locations. With this round, Waymo has raised more than $11 billion in total capital.
[PRO] Very, very busy week for markets
This week is jam-packed with important earnings and economic data. Five of the Magnificent Seven companies report earnings. The personal consumption expenditures index report for September and the key jobs report