CNBC Daily Open: Nvidia rallies after sell-off, lifts S&P 500 and Nasdaq
Why did the Dow Jones Industrial Average drop almost 300 points?
The Dow Jones Industrial Average dropped almost 300 points due to declines in Boeing, Goldman Sachs, and Home Depot stocks. This occurred while the S&P 500 and Nasdaq Composite snapped a three-day slide as Nvidia rebounded from a sell-off.
What are the details of Volkswagen's investment in Rivian?
Volkswagen is investing up to $5 billion in electric vehicle startup Rivian, with an initial investment of $1 billion4. The remaining $4 billion is expected to be invested over the coming years as Rivian prepares to launch updated models. This partnership will focus on sharing EV architecture and software development, with both companies introducing vehicles featuring the jointly created technology in the second half of this decade.
What is the performance comparison of the "Dogs of the Dow" to the broader market?
The "Dogs of the Dow" strategy focuses on dividend-yielding stocks and has outperformed the broader market, with seven out of nine stocks beating the Dow Jones Industrial Average this year6. One standout example is Goldman Sachs, which has returned over 20%.