CNBC Daily Open: The Fed made sure U.S. markets are listening: Interest rates will continue rising
Publishing timestamp: 2023-02-09 01:30:43
Summary
After Federal Reserve officials warned that interest rates will likely keep climbing, U.S. stocks tumbled, with Nasdaq falling 1.68%. Alphabet's demonstration of its new AI chatbot Bard was not well-received by investors, and Alphabet shares were down more than 7%. Disney's earnings and revenue beat expectations, but the company is planning to cut 7000 jobs. Microsoft may have launched its AI-powered search before Google, but analysts say Google will remain the dominant advertiser. 42 companies in S&P 500 have issued negative guidance earnings for the first quarter of 2023.
Sentiment: MIXED
Tickers: BABA, MSFT, GOOGL, DIS,
Keywords: walt disney co, jerome powell, media, new york fed, technology, alibaba group holding ltd, jobs, markets, interest rates, world markets, microsoft corp, federal reserve bank, alphabet class a, united states, business news,