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 subscribe, which had been under pressure due to losses and cash burn. VW will initially invest $1 billion and the remainder over the coming years as Rivian prepares to launch updated models.
Get the CNBC Daily Open report in your inbox every morning and keep up to date with the markets wherever you are.also appear to have had a knock-on effect on its main European rival. Just when Airbus thought it had a clear runway to increase deliveries to customers, it's been hit withto Airbus due to ongoing problems with Boeing. Separately, Boeing has offered to buy Spirit AeroSystems, which builds fuselages for Boeing and Airbus, for about $35 a share, per Bloomberg.
has added assets for the last three trading days, with a total net inflow of $1 billion, according to FactSet.and more time is needed to see if the rotation is sustainable or if the consolidation he anticipates will be broad-based. He predicts the S&P 500 could end the year at 5,050, about 7% lower from Monday's close.
"We believe the broader market is overdue for some consolidation/pullback as we head into the summer months," Johnson wrote Tuesday. "Our breadth indicators must improve significantly to confirm sustainable sector rotations. The upcoming weeks will reveal whether the current trends persist or evolve into a broader market pullback."
— CNBC's Hakyung Kim, Samantha Subin, Jeff Cox, Yun Li, Michael Wayland, Sophie Kiderlin, Spencer Kimball, Katrina Bishop, Jesse Pound, Sara Min, Amala Balakrishner, Sheila Chiang and Lim Hui Jie contributed to this report.
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