CNBC Daily Open: Oil deals and awaiting tech earnings
Publishing timestamp: 2023-10-23 19:44:57
Summary
The Nasdaq Composite ended a losing streak as Treasury yields retreated. Investors are awaiting earnings reports from tech giants Alphabet and Microsoft. Chevron announced a $53 billion stock deal to acquire Hess, increasing competition with Exxon Mobil. Nvidia is working on building PC chips to challenge Intel. Tesla disclosed that the DOJ is investigating its driver assistance systems. Goldman Sachs advises focusing on stocks with strong balance sheets amid rising bond yields. Analysts predict strong sales for weight loss drugs. Novo Nordisk and Eli Lilly are involved in the production of these drugs.
Sentiment: MIXED
Tickers: INTC, NVDA, MSFT, LLY, PXD, NOVO.B-DK, CVX, AMD, TSLA, GOOGL, .STOXX, HES, XOM,
Keywords: stoxx 600, world markets, prices, consumer prices, business news, chevron corp, novo nordisk a/s, exxon mobil corp, inflation, arm holdings plc, markets, alphabet inc, advanced micro devices inc, tesla inc, intel corp, pioneer natural resources co, hess corp, banks, united states,
Source: https://www.cnbc.com/2023/10/24/stock-markets-oil-deals-and-awaiting-tech-earnings.html