CNBC Daily Open: Breaking the September market curse

September has been acold from an perfect period for U.S. stocks for the past respective years, with the S&P 500 dropping during the period successful 4 of the past 5 years. 

This time, though, things look to beryllium better, supported by a flurry of upbeat economical information — including a 3.8% second-quarter GDP maturation and jobless claims that suggest a resilient labour market.

With a mates of days inactive to go, volition the markets yet get to extremity the period connected a affirmative note, adjacent arsenic U.S. President Donald Trump continues with his assertive tariff policy?

On Friday, Trump unveiled sweeping caller tariffs, including connected furniture, adding caller uncertainty to an already jittery market. While connected Friday investors appeared to motion disconnected tariffs, the play adjacent told a antithetic story: caution is creeping backmost in.

Inflation information came successful enactment with expectations, which should've been a relief. But successful a twist, beardown economical signals could really support the Fed from cutting rates, reining successful marketplace bulls. Good quality tin beryllium atrocious quality for markets.

Still, the S&P 500 is up 2.84% truthful acold this period — and if each goes well, it looks similar the September jinx volition beryllium breached this year.

The Middle East could payment from higher H1-B fees. As Trump hikes fees for H1-B visas, the Gulf region's sustained propulsion to go the adjacent planetary artificial quality hub could spot it outflank different geographies arsenic it snaps up overseas endowment that faces an uncertain aboriginal successful the U.S.

Vance assured TikTok is 'successfully separated'. U.S. Vice President JD Vance said he was optimistic about the aboriginal of TikTok successful the U.S., saying "we person successfully separated this institution from TikTok planetary and really made it truthful that we tin power people's information security." Tiktok has agelong faced concerns astir its information postulation practices and genitor institution ByteDance's narration with the Chinese government.

Buffett Indicator astatine all-time high. Warren Buffett's one-time favourite yardstick for banal marketplace valuations has climbed to an all-time high, reviving fears that investors are erstwhile again investigating the limits of marketplace exuberance.

Markets rally connected Friday. All 3 large U.S. indexes climbed connected Friday, but inactive finished the week little pursuing the merchandise of crucial ostentation data. Markets successful Europe besides ended Friday successful affirmative territory. Over the play and aboriginal Monday, banal futures were small changed successful overnight trading.

[PRO] Intel leads the database of astir overbought stocks. Intel rallied implicit 20% successful the past week and has seen a year-to-date summation of astir 80%. However, this puts the banal is present adjacent deeper into overbought territory.

OpenAI's tangled web of dealmaking

OpenAI CEO Sam Altman is everywhere, inking deals valued successful the tens to hundreds of billions of dollars with infrastructure partners, adjacent arsenic it continues to burn mounds of cash.

His artificial intelligence startup, present valued astatine $500 billion, has signed agreements with respective companies including Oracle, Coreweave and Broadcom. 

While OpenAI says that scaling is cardinal to driving innovation and aboriginal AI breakthroughs, investors and analysts are opening to rise their eyebrows implicit the mindboggling sums.

— Ashley Capoot