CNBC Daily Open: Moody’s downgrade won’t dent the Treasury market
Publishing timestamp: 2023-11-14 02:30:02
Summary
U.S. stocks traded mixed, with the Dow Jones Industrial Average rising. Asian markets mostly rose as investors await Biden's meeting with Xi. South Korea's Kosdaq index snapped a five-day losing streak. Australia's S&P/ASX 200 climbed despite slipping consumer confidence. Biden and Xi will likely focus on preventing a crisis in their meeting. U.S. October retail sales fell, and Exxon Mobil aims to become a leading producer of lithium for electric vehicle batteries. Morgan Stanley predicts a major Asian stock index will continue to rise. Moody's cut its ratings outlook on the U.S. government, but Treasury yields and stocks remained relatively stable. The CPI report is expected to cause more market movements.
Sentiment: MIXED
Tickers: .DJI, .IXIC, GS, .SPX, XOM,
Keywords: nasdaq composite, politics, xi jinping, markets, consumer spending, business news, dow jones industrial average, s&p 500 index, world markets, joe biden, economic events, united states, exxon mobil corp, oil and gas, goldman sachs group inc, china,
Source: https://www.cnbc.com/2023/11/14/stock-markets-moodys-downgrade-wont-dent-the-treasury-market.html