
Jesse Pound
Markets and Investing Reporter, CNBC Pro at CNBC
Covering Investing and ETFs for @CNBCPro. @OUDaily and @VU_Business alum. Mississippi expat. [email protected]
Articles
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1 week ago |
cnbc.com | Jesse Pound
The stock market is set to end May with strong returns, but that may actually work against equities on Friday. A note from the Goldman Sachs trading desk showed that U.S. pension funds are expected to sell $20 billion of equities as part of their month-end rebalancing. That total dollar value ranks in the 86th percentile for net buying or selling in similar rebalances since 2000, according to Goldman.
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1 week ago |
cnbc.com | Jesse Pound
Higher bond yields appeared to help put a damper on the stock market's strong start to the week on Wednesday, with the 30-year Treasury yield pushing back toward the 5% level as the S & P 500 stalled. The tepid day for equities came after Robert Sluymer, technical strategist at RBC Wealth Management, warned in a note to clients Tuesday that higher interest rates are a looming threat for the stock market.
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1 week ago |
cnbc.com | Jesse Pound
Alex Karp, CEO of Palantir Technologies, speaks during the Digital X event in Cologne, Germany, on Sept. 7, 2021. Andreas Rentz | Getty ImagesQuasi-governmental financial firm Fannie Mae on Wednesday announced a partnership with defense tech player Palantir to detect mortgage fraud, deepening ties between the federal government and a company that has been a big winner in the second Trump administration.
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1 week ago |
cnbc.com | Jesse Pound
Nvidia 's first-quarter earnings report on Wednesday afternoon could set the tone for Wall Street heading into June, but only if investors can agree on what the results truly mean about the artificial intelligence boom. The chip juggernaut has jumped 22% over the past month, even as Wall Street analysts are cautioning clients that the quarterly report likely won't be clean and could include misses on key metrics. NVDA 1M mountain Shares of Nvidia have gained more than 20% over the past month.
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2 weeks ago |
cnbc.com | Jesse Pound
The latest tariff escalation from President Donald Trump rattled Wall Street on Friday, but the relatively muted decline for stocks might be a sign that the market is somewhat stuck until there is greater official clarity. Paul Christopher, head of global investment strategy at Wells Fargo Investment Institute, said in a note that Friday's comments by the president showed that tariffs "remain material risks" to the market, but not enough to justify bailing out of stocks.
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RT @CNBCPolitics: Trump says 80% tariff on China 'seems right' ahead of U.S.-Beijing trade talks https://t.co/tLabZvUBGD

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