CNBC Daily Open: A Messi end for England
England has been eliminated from the FIFA World Cup after a 2-1 loss to Argentina, who will face Spain in the final. Meanwhile, the tech sector faces volatility as semiconductor stocks like SK Hynix struggle and SpaceX shares dip below their IPO price.
Why it matters
The article highlights the intersection of global sports events and market volatility, reflecting broader economic concerns regarding the sustainability of the AI-driven semiconductor rally.
Hello, this is Leonie Kidd coming to you from London.
Please indulge this English writer a moment to acknowledge last night's semi-final disappointment. While it won't impact the markets, it will impact the mood in the newsroom and across the country after the loss to Argentina.
England is out of the Men's FIFA World Cup, after a resurgent Argentina, led by Lionel Messi, came back in the second half to win the game 2-1. They proceed to the final on Sunday against Spain, set to take place in MetLife Stadium in New Jersey. England will meet France for the third-place play-off on Saturday.
The World Cup has given American bars and restaurants a much-needed boost , according to the latest Federal Reserve Beige Book. Those in England will have to be content with the semi-final marking the pinnacle of the World Cup boom.
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