CNBC Daily Open: U.S. stocks shrug off hot inflation numbers
Publishing timestamp: 2023-02-15 00:57:14
Summary
US inflation rose higher than expected in January, causing US Treasury yields to rise and stocks to mostly fall. However, stocks were resilient and the Nasdaq rose due to strong earnings reports from Coca-Cola and other companies. Investors may be optimistic that consumer spending will remain strong despite rising prices. Wednesday's US retail sales report will test this theory.
Sentiment: MIXED
Tickers: ABNB, KO, TSLA, NVDA,
Keywords: tesla inc, economic events, china, world markets, airbnb inc, united states, markets, nvidia corp, federal reserve bank, business news, retail industry, inflation, coca-cola co,
Source: https://www.cnbc.com/2023/02/15/stock-markets-us-stocks-shrug-off-hot-inflation-numbers.html