CNBC Daily Open: Nvidia fell, but that may be a good thing

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 .

Markets try to shrug off Nvidia
U.S. markets were mixed Thursday. The Dow Jones Industrial Average hit a new closing high, but the other two major indexes didn't fare as well – blame Nvidia for that. European markets closed higher. Germany's DAX index climbed 0.69% to hit a fresh high, lifted by a lower-than-expected consumer price index reading of 2% in August.

Outsized expectations
Nvidia shares lost around 6% Thursday despite the chipmaker posting quarterly revenue that was more than two times the figure a year earlier and the company announcing a $50 billion stock buyback, which usually pushes up share prices. That shows just how high investors' expectations for Nvidia were.

Price vs. spending
July's consumer price index may have been a pleasant surprise, coming in at 2.9% for the year – lower than forecast and the slowest pace since March 2021. But the U.S. Federal Reserve pays more attention to the personal consumption expenditures price index, which comes out Friday. Here's what to expect.

Giving may not be receiving
"Give and take" is how U.S. national security advisor Jake Sullivan described the relationship between the U.S. and China, specifically on both countries' economic security concerns. Sullivan's in Beijing for meetings with Chinese officials; U.S. President Joe Biden and Chinese President Xi Jinping are planning to speak by phone soon after.

[PRO] The "e" stands for energy
Electric vehicle company Tesla hasn't been putting up a good showing lately, to the extent that some analysts