CNBC Daily Open: Markets reeled as Fed officials confirmed commitment to high interest rates
Publishing timestamp: 2023-03-02 01:06:10
Summary
Markets had a bad start to March due to hawkish sentiment from Federal Reserve officials and higher manufacturing prices. Tesla CEO Elon Musk unveiled his "Master Plan 3" but didn't give specifics on achieving that goal. The U.S. Senate passed a bill overturning a Labor Department rule allowing retirement fund managers to consider environmental, social, and corporate governance factors when making investment decisions. Salesforce shares jumped after their fiscal fourth-quarter earnings and operating margin beat estimates. The February ISM Manufacturing Index showed that the overall manufacturing sector contracted in February for the fourth consecutive month, but prices paid by manufacturers increased from January.
Sentiment: MIXED
Keywords: elon musk, joe biden, world markets, neel kashkari, technology, politics, markets, business news, inflation, federal reserve bank, china, tesla inc, united states, salesforce inc,