CNBC Daily Open: The Nasdaq soared last week. But tech might be in trouble
Publishing timestamp: 2023-03-06 01:09:24
Summary
The Nasdaq Composite had a strong week, but tech companies are facing challenges. China has set a modest growth target for this year, and Amazon has paused construction of its second headquarters. Google has pivoted from its search-first strategy to position its AI chatbot Bard as a companion. Despite the Nasdaq's strong performance, it remains to be seen if tech promises will translate into further gains for the index. Investors have less patience in the current high interest rate environment.
Sentiment: MIXED
Tickers: AMZN, MSFT, GOOGL, META,
Keywords: business news, alphabet inc, united states, jerome powell, federal reserve system, meta platforms inc, technology, china, markets, world markets, li keqiang, amazon.com inc, microsoft corp,