CNBC Daily Open: Oil popped and stocks slumped — it feels like 2022 again for markets
Publishing timestamp: 2023-02-13 01:02:46
Summary
Markets are feeling like they are reliving the worst of 2022, but investors are still hoping for a fresh start this year. Oil prices rose 2% after Russia said it would cut oil output by 500,000 barrels per day in March. Moody's slashed its outlook for four Adani Group companies and the Securities and Exchange of India will meet with the country's finance minister on Feb. 15 to brief him on investigations into Indian conglomerate. Disney has been making news lately with its earnings beat and restructuring plan, but investors are debating whether it is wise to buy the stock. U.S. stocks had a mixed Friday, with the S&P 500 and Dow Jones Industrial Average rising, but the Nasdaq Composite slipping. U.S.-China tensions are escalating and investors are focusing on the upcoming U.S. consumer price index reading for January.
Sentiment: MIXED
Tickers: DIS, ADANIENT-IN,
Keywords: politics, russia, india, united states, economic events, military events, currency markets, china, espionage, japan, markets, entertainment, walt disney co, world markets, energy, business news, kanye, media,