CNBC Daily Open: Excitement over earnings give markets a ‘relief rally’
Publishing timestamp: 2023-10-16 19:44:28
Summary
Major U.S. indexes rallied on optimism over strong earnings reports. Snap shares soared after the CEO's memo revealed higher than expected user and revenue growth goals. Apple's iPhone sales declined, losing its position in China's smartphone market. Morgan Stanley predicts a potential decline in the S&P 500. Despite this, investors are excited about the positive start to the earnings season and hope for a fourth-quarter rally.
Sentiment: MIXED
Tickers: AAPL, JPM, .DJI, SNAP, .IXIC, .SPX, MS, .RUT, SCHW, META, WFC,
Keywords: charles schwab corp, united states, dow jones industrial average, benjamin netanyahu, meta platforms inc, evan spiegel, morgan stanley, snap inc, jpmorgan drn, technology, world markets, richard bernstein, apple inc, s&p 500 index, wells fargo & co, markets, russell 2000 index, business news, nasdaq composite,