CNBC Daily Open: S&P 500 and Nasdaq hit new heights ahead of Nvidia's earnings

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Federal Reserve Governor Christopher Waller said he does not think further rate increases are necessary, but he will need convincing before backing any rate cuts.

Traders work on the floor of the New York Stock Exchange during morning trading on May 17, 2024 in New York City.This report is from today's CNBC Daily Open, our new, 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 subscribeclosed 0.17% higher at 39,872.99. Nvidia's shares rose 0.

Dimon might seem like an unusual addition to this list of innovators. Yet, he took a bank ranked eighth on Wall Street in 2006 and propelled it to the top spot within five years, surpassing giants like Goldman Sachs, Deutsche Bank, and Citi. When pressed on when the bank would repurchase its own shares, Dimon's response was unequivocal: "I want to make it really clear, OK? We're not going to buy back a lot of stock at these prices."

 

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