CNBC Daily Open: Nasdaq hits all-time high even amid poor earnings growth

Traders work on the floor of the New York Stock Exchange on October 22, 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 subscribe.

. Five of the Magnificent Seven companies report earnings. The personal consumption expenditures index report for September and the key jobs report for October will also be released this week.Tesla's Earnings season has been a mixed bag so far. Even though almost three-quarters of S&P companies have beaten expectations, according to FactSet data, thelast week, which helped it regain all its losses for the year. But more than half of the 20-largest companies saw theirAs those companies were mostly from sectors outside tech, their losses dragged down the S&P and the Dow, especially, since a good proportion were constituents of the 30-stock index.

With five of the Magnificent Seven companies reporting earnings and crucial economic data coming out this week, investors will hope all the numbers line up for a payout – if not of the jackpot magnitude, then at least one that jolts the S&P and Dow back into the green again.Get the CNBC Daily Open report in your inbox every morning and keep up to date with the markets wherever you are.

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