CNBC Daily Open: The Fed’s bringing cheer to markets
Publishing timestamp: 2023-11-01 19:44:36
Summary
The Federal Reserve kept interest rates unchanged and markets rallied in response. The U.S. Treasury Department will auction $112 billion in debt. Private sector payrolls rose but at a lower rate than expected. Investors are realizing that legacy automakers may not be the best alternative to Tesla. The Fed's decision reflects progress made on multiple fronts, but concerns about growth and inflation remain.
Sentiment: MIXED
Tickers: GM, NVDA, NXT-GB, F, .IXIC, TSLA, AMD, MS, .DJI, .SPX,
Keywords: jerome powell, morgan stanley, next plc, dow jones industrial average, s&p 500 index, advanced micro devices inc, jobs, nvidia corp, nasdaq composite, prices, business news, tesla inc, interest rates, ford motor co, general motors co, federal reserve bank, world markets, markets,
Source: https://www.cnbc.com/2023/11/02/stock-markets-the-feds-bringing-cheer-to-markets.html