CNBC Daily Open: Dow hits record high — thanks to the Fed
Publishing timestamp: 2023-12-14 02:30:01
Summary
The U.S. Federal Reserve left interest rates unchanged but predicted three quarter-point cuts by the end of 2024. Markets reacted positively, with the Dow Jones hitting a record high and Treasury yields falling. SpaceX's valuation has skyrocketed. Temu has filed a lawsuit against Shein. Argentina's currency devaluation presents investing opportunities. The Fed's meeting suggests rate cuts are coming next year. Major stock indexes jumped, and other assets celebrated the Fed's outcome.
Sentiment: MIXED
Keywords: business news, climate, s&p 500 index, interest rates, prices, markets, world markets, technology, nasdaq composite, economic events, united states, dow jones industrial average, inflation, jerome powell,
Source: https://www.cnbc.com/2023/12/14/stock-markets-dow-hits-its-highest-level-thanks-to-the-fed.html