CNBC Daily Open: Oil popped and stocks flopped — it feels like 2022 again for markets
Publishing timestamp: 2023-02-12 21:10:45
Summary
U.S. stocks had mixed results on Friday, with the S&P 500 and Dow Jones Industrial Average rising, but the Nasdaq Composite slipping. Oil prices rose 2% after Russia said it would cut oil output by 500,000 barrels per day in March. Adidas shares tanked 11.64% after the company ended its partnership with Ye (formerly known as Kanye West). U.S.-China tensions are escalating, and investors are focusing on the upcoming U.S. consumer price index reading for January.
Sentiment: MIXED
Keywords: politics, russia, united states, military events, espionage, entertainment, china, currency markets, japan, markets, walt disney co, world markets, adidas ag, energy, business news, kanye,