CNBC Daily Open: Wall Street disagrees with main street
Publishing timestamp: 2023-09-18 05:08:14
Summary
U.S. stocks slumped with mixed sentiment about the economy. Asian markets mostly fell, except for China's Shanghai Composite. Venture capital investment in China has dropped, and geopolitical tensions are deterring foreign investors. Central banks may have reached peak interest rates, but challenges remain. The new ship-and-rail economic corridor is seen as a response to China's Belt and Road Initiative. The Federal Reserve's meeting and FedEx's earnings announcement are events to watch. Consumer sentiment is improving but still not great. Wall Street investors remain upbeat, but last week saw a drop in stock prices.
Sentiment: MIXED
Keywords: markets, ray dalio, technology, central banking, s&p 500 index, business news, inflation, united states, nasdaq composite, prices, federal reserve bank, world markets, dow jones industrial average, china, joe biden, interest rates, economic events, consumer confidence,
Source: https://www.cnbc.com/2023/09/18/stock-markets-wall-street-disagrees-with-main-street.html