CNBC Daily Open: Powell’s speech was hawkish. Investors' mood was bullish
Publishing timestamp: 2023-02-08 01:17:52
Summary
Despite Federal Reserve Chair Jerome Powell's hawkish speech, U.S. stocks rallied on Tuesday, with all three major indexes posting gains. Microsoft announced new AI-powered Bing homepage, built on OpenAI's GPT technologies, that could potentially usher in tech boom. Powell mentioned disinflation, which investors zoomed in on, leading to a bullish sentiment.
Sentiment: POSITIVE
Keywords: jobs, federal reserve bank, markets, baidu inc, microsoft corp, jerome powell, world markets, inflation, alphabet class a, business news, neel kashkari, interest rates, technology, central banking,