CNBC Daily Open: Slowing demand means fewer revenue beats
Publishing timestamp: 2023-11-09 02:30:01
Summary
The article discusses the continuation of the winning streak in major U.S. indexes, except for the Dow Jones Industrial Average. It mentions the rise in Asia-Pacific markets, the slump in prices in China, and Disney's positive quarterly earnings report. It also discusses Arm's earnings report and the opportunity in the "fallen angels" corner of the bond market. The article notes that the earning season has been mostly good so far, but slowing demand may be catching up with companies. The major indexes had a tepid day, with the S&P 500 and Nasdaq Composite inching up while the Dow Jones Industrial Average snapped its winning streak. The article mentions upcoming events that could impact the stock market and warns against trying to time the market.
Sentiment: MIXED
Tickers: MKS-GB, .SPX, UBS, DIS, VWS-DK, .DJI, .IXIC,
Keywords: nasdaq composite, marks and spencer group plc, china, walt disney co, japan, ubs group ag, s&p 500 index, arm holdings plc, technology, dow jones industrial average, world markets, breaking news: business, south korea, media, business news, markets, united states, banks, vestas wind systems a/s, jerome powell,
Source: https://www.cnbc.com/2023/11/09/cnbc-daily-open-slowing-demand-means-fewer-revenue-beats.html