Nvidia CEO Jensen Huang delivers a keynote address at the Consumer Electronics Show 2025, in Las Vegas, Nevada, U.S., on Jan. 6, 2025.
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 subscribewas blocked by the White House earlier this month, sources told CNBC's David Faber. The offer would be in the high $30s a share. Nippon had planned to buy U.S. Steel for $55 per share in a deal valued at more than $14 billion.
"That's a necessary part of a corrective phase in our view and we are likely further along in this correction than many investors recognize since many stocks peaked in late November, early December," said AXS Investments CEO Greg Bassuk, adding that Friday's jobs report"cemented" those concerns. However, the S&P 500 inched up 0.16% and the Dow Jones Industrial Index climbed 0.86% as investors rotated into nontech shares such as
That's not to say those sectors will be taking the mantle of market leader anytime soon — or at all. Sectoral rotation is a common phenomenon in markets, as investors secure their returns and look for the next stocks with upside potential. And theA long-term rotation out of tech and AI isn't likely. But one within the field cannot be dismissed.