CNBC Daily Open: Stocks snapped their losing streak but it's unclear if their gains can last
Publishing timestamp: 2023-02-23 18:47:10
Summary
Stocks rebounded on Thursday, with all major indexes closing in green. JPMorgan Chase CEO Jamie Dimon said the Federal Reserve has lost control of inflation, while Alibaba's earnings smashed expectations. Treasury Secretary Janet Yellen said the US will resume economic talks with China at an appropriate time. Analysts are divided on whether the market is in a bear or bull market, and data coming out Friday will test the idea that markets can advance further this year.
Sentiment: MIXED
Tickers: BABA, RR.-GB, JPM, NVDA,
Keywords: jpmorgan chase & co, alibaba group holding ltd, united states, janet yellen, technology, business news, world markets, inflation, economic events, china, rolls-royce holdings plc, nvidia corp, politics, markets, jamie dimon,