CNBC Daily Open: Too early to fret about tech pullback?

November is historically the champion month for the S&P 500, which gains an mean of 1.8% during the period, according to the Stock Trader's Almanac.

But the archetypal afloat trading week of the period saw stocks caught successful November rains.

The S&P 500 and Dow Jones Industrial Average each mislaid much than 1%, portion the Nasdaq Composite shed astir 3% — that's its largest play nonaccomplishment since the tech-heavy scale slumped 10% successful the week ended April 4.

A fewer months ago, tariffs were the shadows that stalked stocks. Now, it's fears that artificial intelligence-related stocks are trading astatine prices disconnected from what the firms are really worth.

"You've got trillions of dollars tied up successful 7 stocks, for example. So, it's inevitable, with that benignant of concentration, that determination volition beryllium a interest about, 'You know, erstwhile volition this bubble burst?'" CEO of DBS, Southeast Asia's largest bank, Tan Su Shan told CNBC.

Goldman Sachs' CEO David Solomon besides thinks choppy waters mightiness beryllium ahead.

"It's apt there'll beryllium a 10 to 20% drawdown successful equity markets sometime successful the adjacent 12 to 24 months," Solomon said Tuesday astatine the Global Financial Leaders' Investment Summit successful Hong Kong.

That said, a pullback isn't needfully atrocious for stocks. It could adjacent contiguous "buying opportunities" for investors, according to Glen Smith, main concern serviceman astatine GDS Wealth Management.

After all, net person been "reassuring" contempt worries astir tech stocks' precocious valuations, Kiran Ganesh, multi-asset strategist astatine UBS, told CNBC. That means the rainfall mightiness not past and the rally could find a mode to tally a small longer.

— CNBC's Lee Ying Shan, Hugh Leask and Lim Hui Jie contributed to this report.

Major U.S. scale were mixed Friday stateside. The S&P 500 and Dow Jones Industrial Average inched up much than 0.1%, but the Nasdaq Composite closed 0.21% lower. The pan-European Stoxx 600 lost 0.55%. U.S. futures roseate Sunday evening stateside.

China user prices prime up successful October. The user terms index, released Sunday, showed a 0.2% maturation twelvemonth connected year. It beats analysts' expectations of zero maturation and is the first period since June that prices rose.

U.S. authorities connected way to extremity shutdown. Enough Democratic senators had agreed to ballot for a woody that would fund the U.S. government done the extremity of January, a idiosyncratic acquainted with the woody told CNBC.

Another missed jobs report. The ongoing U.S. government shutdown — which is present the longest ever — means the Bureau of Labor Statistics couldn't merchandise its monthly employment data. Here's what economists would person expected the study to show.

[PRO] Stocks that could bounce aft sell-off. Using CNBC Pro's banal screener tool, we recovered respective names that are oversold, according to their 14-day comparative spot index. This implies they could beryllium owed for a betterment successful prices.

A planetary wealthiness roar is fueling a emergence successful household bureau imposters

Fundraisers and fraudsters are presenting themselves arsenic household bureau representatives, seeking to dupe gullible investors — and past determination are besides imposters who are successful it conscionable for an "ego boost," respective manufacture veterans told CNBC.

An accusation vacuum seems to person encouraged imposters. In galore markets, genuine azygous household offices, oregon SFOs, are exempt from registering truthful agelong arsenic they negociate lone household money. That privateness norm often makes verification hard, said manufacture experts.

— Lee Ying Shan