CNBC Daily Open: Things are ‘likely to remain messy’
Publishing timestamp: 2023-09-27 19:48:27
Summary
The article discusses the mixed performance of U.S. stocks, with the Dow Jones slipping, the S&P 500 remaining mostly unchanged, and the Nasdaq adding some gains. It mentions that the U.S. is fiscally weaker now than in 2011, potentially leading to another ratings downgrade. Minneapolis Federal Reserve President Neel Kashkari believes that current interest rates might not be high enough to restrict inflation. Meta announces the latest version of its virtual reality headset and new artificial intelligence software. The article also discusses the ongoing struggles in the stock market and the factors that could impact a potential rally, including high yields, rising oil prices, and the potential for a U.S. government shutdown.
Sentiment: MIXED
Tickers: META, SPGI, .IXIC, .DJI, .SPX,
Keywords: nasdaq composite, united states, federal reserve bank, s&p 500 index, economic events, technology, john chambers, neel kashkari, meta platforms inc, interest rates, markets, world markets, business news, oil and gas, dow jones industrial average, s&p global inc,
Source: https://www.cnbc.com/2023/09/28/stock-markets-things-are-likely-to-remain-messy.html