CNBC Daily Open: Goolsbee’s ‘golden path’ is still visible
Publishing timestamp: 2023-11-07 19:05:38
Summary
The article discusses the recent winning streak in U.S. stocks, with Microsoft shares reaching a record high. It also mentions the pause in interest rate hikes by central banks and the potential for rate cuts in the future. Uber's third-quarter results are discussed, with the company missing analysts' expectations but still showing improvement compared to the previous year. The Bank of Japan's announcement of more flexibility in its yield curve control policy is mentioned, which is seen as positive for the banking sector. The article also discusses the recent decline in oil prices and Treasury yields. The performance of the Nasdaq Composite, S&P 500, and Dow Jones Industrial Average is highlighted, with the possibility of further stock market rally if the U.S. Federal Reserve achieves a soft landing for the economy. The article concludes by noting the strange and unprecedented nature of the economy and markets since the pandemic, but suggests that it isn't necessarily bad.
Sentiment: MIXED
Tickers: UBSG-CH, .IXIC, AMZN, .DJI, MSFT, UBER, .SPX,
Keywords: microsoft corp, oil and gas, amazon.com inc, central banking, markets, satya nadella, united states, economic events, earnings, nasdaq composite, prices, business news, interest rates, dividends, world markets, technology, s&p 500 index, uber technologies inc, ubs group ag, dow jones industrial average, austan goolsbee,
Source: https://www.cnbc.com/2023/11/08/stock-markets-goolsbees-golden-path-is-still-visible.html