CNBC Daily Open: A history-making three months for stocks
Publishing timestamp: 2023-10-31 19:41:36
Summary
Major U.S. indexes ended October in the red, marking a three-month losing streak. The pan-European Stoxx 600 index also had its worst monthly performance since September 2022. BP's London-listed shares sank after missing estimates on third-quarter profits. Euro zone inflation dropped to a two-year low, while GDP contracted in the third quarter. AMD reported strong earnings and revenue but had a lower sales forecast for the fourth quarter. The Federal Reserve's message of higher-for-longer interest rates has been embraced by the markets. Despite a positive final day in October, stocks had a dismal month overall. However, there is hope for a potential rebound in November.
Sentiment: MIXED
Tickers: MSFT, GOOGL, NVDA, AMZN, .IXIC, TSLA, AMD, .DJI, .SPX, BP.-GB,
Keywords: economic events, amazon.com inc, dow jones industrial average, s&p 500 index, advanced micro devices inc, nvidia corp, nasdaq composite, inflation, business news, technology, bp plc, interest rates, microsoft corp, tesla inc, world markets, alphabet inc, markets,
Source: https://www.cnbc.com/2023/11/01/stock-markets-a-history-making-three-months-for-stocks.html