CNBC Daily Open: Can stocks climb out of their three-month hole?
Publishing timestamp: 2023-11-01 03:30:01
Summary
The article discusses the performance of major U.S. indexes in October, which ended in the red, marking a three-month losing streak. It mentions positive developments in Asia-Pacific markets, such as Japan's Nikkei rising after the Bank of Japan relaxed its yield curve control policy and South Korea's Kospi climbing due to an increase in October exports. The article also mentions the Federal Reserve's meeting and the potential impact of Chair Jerome Powell's comments on the markets. It highlights China's high-level financial meeting and the upcoming meeting between U.S. President Joe Biden and Chinese President Xi Jinping. The article also mentions AMD's third-quarter earnings and revenue beating expectations but its fourth-quarter sales forecast falling short. It briefly mentions an old technology company transitioning into an AI and cloud company. The article concludes by discussing the performance of major indexes in October and the potential impact of the Federal Reserve's decision on interest rates.
Sentiment: MIXED
Tickers: MSFT, GOOGL, NVDA, 8301.T-JP, AMZN, .IXIC, TSLA, AMD, .DJI, .SPX, BP.-GB,
Keywords: advanced micro devices inc, nvidia corp, tesla inc, joe biden, dow jones industrial average, amazon.com inc, microsoft corp, world markets, markets, s&p 500 index, bank of japan, united states, inflation, business news, technology, bp plc, interest rates, alphabet inc, economic events, nasdaq composite,
Source: https://www.cnbc.com/2023/11/01/stock-markets-can-stocks-climb-out-of-their-three-month-hole.html