CNBC Daily Open: Another AI gem
Publishing timestamp: 2023-12-11 18:42:36
Summary
U.S. markets rose modestly, with Macy's surging on a buyout offer. Falling oil prices and rising gold prices indicate an economic slowdown, but strong U.S. jobs data and inflation figures suggest a strong economy. Central bank meetings are scheduled for this week. Bitcoin and other cryptocurrencies experienced volatility. There is a possibility of the S&P 500 breaking past its resistance level. Semiconductor stocks received a boost from positive analyst coverage. Inflation expectations are moderating, but the Federal Reserve is unlikely to cut rates. It is advised to adopt a wait-and-watch approach in the current busy week.
Sentiment: MIXED
Tickers: AVGO, AMD, .SPX, SMH, NVDA, .IXIC, M, .DJI, SOXX,
Keywords: s&p 500 index, broadcom inc, business news, prices, united states, nasdaq composite, nvidia corp, ishares semiconductor etf, dow jones industrial average, markets, vaneck semiconductor etf, central banking, macy's inc, advanced micro devices inc, world markets,
Source: https://www.cnbc.com/2023/12/12/stock-markets-another-ai-gem.html