European markets open to close: FTSE, CAC 40, DAX

47 Mins Ago

Europe stocks open higher

European stocks opened Monday higher, though sector and stock gains were cautious.

France’s CAC 40 index gained 0.4%, while Germany’s DAX was up 0.3% and the U.K.’s FTSE 100 was flat.

See Chart…

Stoxx 600 index.

9 Hours Ago

CNBC Pro: Here’s how to create a diversified bond portfolio with up to 6% yield, according to the pros

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The S&P 500 could end the year at 5,500, says InfraCap’s Jay Hatfield

The S&P 500 notched a record high this week, closing above the key 5,000 mark on Friday afternoon. But Infrastructure Capital Advisors’ Jay Hatfield believes that the index still has room to go in 2024.

Hatfield’s year-end target for the broader index is 5,500, corresponding to a potential 9% rise. In the near term, however, he believes that the market will remain largely stagnant while investors wait for the Federal Reserve to begin cutting rates.

“I don’t think we’re just going to infinitely and quickly go to 5,500,” he told CNBC. “Our guess is that we stall out somewhere around 5,000 or 5,100 until we have greater clarity on both a Fed and ECB rate cut most likely in June, but possibly in May,” he told CNBC.

— Lisa Kailai Han

9 Hours Ago

CNBC Pro: These global tech stocks are in Citi’s ‘high-conviction’ list. One was given nearly 80% upside

Tech stocks already had a good run, and investors may be wondering if they still have further to go.

Investors looking for more upside in tech can consider some tech stocks in Citi’s list of top “high-conviction” picks from markets across the United States, Europe, Asia-Pacific and Latin America.

CNBC Pro subscribers can read more here.

— Weizhen Tan

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