index was up 0.3% in early deals, with sectors trading in mixed territory. Food and beverage stocks were up 1.1%, while autos dipped 1.1%.
Shares of Germany's Siemens Energy jumped 9.5% in morning deals after the company raised its 2024 outlook on the back of the strength of its power grid business.Siemens Energy site in Muelheim an der Ruhr, Germany, August 3, 2022. Shares of Germany's Siemens Energy jumped 9.5% in morning deals after it raised its 2024 outlook primarily because of the strength of its power grid business.CNBC Pro: These tech stocks beat the S&P 500, and analysts still give them over 20% upside
U.S. stocks have been rather volatile in the past month, but in the past week they had a strong run on hopes of rate cuts.had its fourth consecutive winning session on Monday, and the S&P 500 also climbed for the past four days.Elsewhere, analysts are getting more optimistic on China stocks, especially those in the tech sector.an ounce in April as tensions in the Middle East escalated. Spot gold is currently trading around 12% higher over the year to date.
Kevin Teng, CEO of wealth manager Wrise Group, said he expects the precious metal to yield substantive returns in the long term, and picked his favorite stocks and ETFs to cash in.Stocks making the biggest moves after hours: Reddit, Lyft, Rivian and moreSurfers, supporters protest killings in Baja California