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CNBC Daily Open: Market correction may not be over yet

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Dow snaps three-day losing streak. Super Micro sinks on earnings miss. X sues advertisers.

Traders work on the floor of the New York Stock Exchange during morning trading on August 06, 2024 in New York City.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 subscribeboth rose more than 1%. All 11 S&P 500 sectors closed in positive territory. Mega caps rebounded from Monday's losses, with.

Peter Oppenheimer, Goldman Sachs' chief global equity strategist, told CNBC the market correction was "healthy and somewhat inevitable" after a very strong first half of the year especially given signs of a slowing U.S. economy and growing "complacency" in the market.

 

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