CNBC Daily Open: Market bounce may not last
Publishing timestamp: 2023-10-31 03:30:02
Summary
U.S. stocks rallied after a recent correction, but Asia-Pacific markets mostly fell. The Bank of Japan announced more flexibility in its yield curve control policy. Samsung Electronics' operating profit plunged year over year but showed improvement quarter on quarter. Tesla shares sank due to reduced battery production and concerns about high interest rates. The Federal Reserve is expected to keep interest rates unchanged, but there are mixed opinions on the future direction of the market.
Sentiment: MIXED
Tickers: 8301.T-JP, STLA, .IXIC, TSLA, MS, .DJI, .SPX,
Keywords: morgan stanley, economic events, dow jones industrial average, s&p 500 index, nasdaq composite, bank of japan, stellantis nv, samsung electronics co ltd, prices, business news, technology, tesla inc, autos, world markets, markets,
Source: https://www.cnbc.com/2023/10/31/stock-markets-market-bounce-may-not-last.html