CNBC Daily Open: Fewer jobs, higher stocks
Publishing timestamp: 2023-08-30 19:50:11
Summary
Job growth in the U.S. slowed in August, signaling the effects of high interest rates. U.S. stocks rallied on weaker-than-expected economic data. The Bank of England is facing heavy losses on its bond purchases. Salesforce reported strong earnings, leading to a jump in its shares. Grayscale won its case against the SEC, potentially opening the door for bitcoin ETFs. Markets are hopeful that the Federal Reserve might loosen its grip on monetary policy.
Sentiment: MIXED
Tickers: .SPX, .IXIC, .DJI, CRM,
Keywords: dow jones industrial average, markets, federal reserve system, interest rates, technology, nasdaq composite, prices, world markets, s&p 500 index, united states, inflation, business news, salesforce inc, economic events, jobs,
Source: https://www.cnbc.com/2023/08/31/stock-markets-fewer-jobs-higher-stocks.html