CNBC Daily Open: Markets’ last hurrah for a horrid August
Publishing timestamp: 2023-08-29 19:41:15
Summary
The article discusses the positive performance of stocks, with the S&P 500 and Nasdaq Composite advancing. It mentions the rise in shares of Dutch insurance company NN Group after strong earnings. It also highlights the stricter regulations for regional banks and the potential impact on their margins. The article mentions Nvidia's record close and its partnership with Google, which boosted its stock. It also discusses the ruling in favor of Grayscale's bitcoin ETF, which could pave the way for other companies to create bitcoin ETFs. The article concludes by mentioning the mixed economic data and the possibility of stocks sustaining their positive momentum into September.
Sentiment: MIXED
Tickers: .IXIC, NVDA, BTC.CB=, COIN, MS, DB, .SPX, .DJI, GOOGL,
Keywords: banks, nvidia corp, coinbase global inc, business news, jobs, morgan stanley, nasdaq composite, markets, alphabet inc, bitcoin/usd coinbase, s&p 500 index, deutsche bank ag, world markets, united states, dow jones industrial average, technology, economic events,
Source: https://www.cnbc.com/2023/08/30/stock-markets-markets-last-hurrah-for-a-horrid-august.html