CNBC Daily Open: No rate cuts in 2024?

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 .

Stocks retreat
Wall Street retreated Monday despite a rally in tech stocks tied to the artificial intelligence boom. The blue-chip Dow lost about 97 points, while the S&P 500 fell 0.12%. The Nasdaq Composite dropped 0.41%. Bitcoin briefly topped $68,000 and inched closer to its 2021 all-time high.

China sets GDP target
China set an economic growth target of "around 5%" for 2024. The goals for GDP and other economic indicators were published as part of the opening of the National People's Congress annual meeting. This comes as China's rebound from the pandemic remained sluggish in the face of growth headwinds from an ailing real estate sector.

Apple's new MacBook
Apple will roll out new versions of its MacBook Air laptops with its latest M3 chip. The tech giant said the new laptops offer sharper 1080p webcams, support for faster Wi-Fi networks and up to 18 hours of battery life. The announcement showed Apple is stepping up its marketing around artificial intelligence.

Gold sets new record
Gold rose above $2,100 to the highest level ever as traders bet the Federal Reserve will start cutting interest rates in the second half of the year. When rates fall, gold prices typically rise as investors seek a safe haven alternative to bonds which become less attractive as their yields decline.

[PRO] Skip EV stocks  
While electric vehicle stocks like Tesla are investors' favorite, Freddie Lait, chief investment officer at Latitude Investment Management, told CNBC's Pro Talks, he isn't too bullish on the sector.