CNBC Daily Open: Input prices are going up
Publishing timestamp: 2023-09-07 02:07:09
Summary
U.S. stocks sold off, with major indexes closing in the red. China's trade activity fell, but not as badly as expected. Apple signed a long-term agreement with Arm, boosting excitement around Arm's upcoming IPO. China reportedly banned government officials from using Apple iPhones. Inflationary pressures and the threat of higher interest rates are causing market concerns. Tech stocks, including Apple and Nvidia, were particularly affected.
Sentiment: MIXED
Tickers: NVDA, .SPX, AAPL, .DJI, .IXIC,
Keywords: united states, interest rates, bob iger, business news, s&p 500 index, world markets, dow jones industrial average, technology, nvidia corp, inflation, markets, china, nasdaq composite, apple inc, media, economic events,
Source: https://www.cnbc.com/2023/09/07/stock-markets-prices-are-still-going-up-.html