CNBC Daily Open: U.S. inflation rose more than expected. But stocks held steady
Publishing timestamp: 2023-02-14 18:30:32
Summary
US inflation rose higher than expected in January, causing US Treasury yields to rise and stocks to fall. However, stocks were resilient and the disconnect between bond markets and stock markets continues. Coca-Cola's earnings report indicated that consumer spending may remain strong despite rising prices, which will be tested by Wednesday's US retail sales report.
Sentiment: MIXED
Tickers: ABNB, NVDA, KO, TSLA,
Keywords: business news, coca-cola co, tesla inc, economic events, nvidia corp, united states, federal reserve bank, markets, world markets, inflation, airbnb inc, retail industry,
Source: https://www.cnbc.com/2023/02/15/stock-markets-stocks-were-steady-even-as-us-inflation-rose.html