CNBC Daily Open: U.S. stocks don't seem concerned about inflation, disregard jumping retail sales
Publishing timestamp: 2023-02-15 18:41:48
Summary
US retail sales in January jumped 3%, beating the expected 1.9% decline. US stocks ticked higher, while Asia-Pacific markets fell. The SEC voted to expand custody rules to include crypto assets. Charlie Munger called BYD his favorite stock ever. JPMorgan's Marko Kolanovic warned that the divergence between Fed communications and investor behavior cannot go further. US economic activity and market movement are forcing economists and investors to reconsider the effect of interest rates. Dan Niles predicted that the Federal Reserve might raise rates higher than 6%.
Sentiment: POSITIVE
Tickers: JPM, ZE594-CN, 2330-TW, BRK.A, TSLA,
Keywords: world markets, united states, taiwan semiconductor manufacturing co ltd, berkshire hathaway inc, charlie munger, retail industry, autos, business news, inflation, tesla inc, cryptocurrency, u.s. economy, jpmorgan chase & co, markets, interest rates, economic events, byd co ltd,
Source: https://www.cnbc.com/2023/02/16/cnbc-daily-open-us-stocks-dont-seem-concerned-about-inflation-.html