CNBC Daily Open: Markets rebound in time for the Santa Claus rally
Publishing timestamp: 2023-12-21 18:47:09
Summary
The article discusses the restart of the rally in U.S. stocks after a previous day of losses. It mentions the reasons for the sell-off, including investors taking profits, high volume of zero-day options trading, and FedEx's disappointing outlook. It also discusses the increase in shipping rates due to diversions from the Red Sea, the signing of a post-Brexit financial services deal between the UK and Switzerland, and the positive earnings report from Micron Technology. The article concludes by mentioning the optimism of individual investors and the start of the "Santa Claus rally" in the stock market.
Sentiment: MIXED
Tickers: AMD, DHER-DE, UBS, MU, MRVL, .DJI, .SPX, .IXIC,
Keywords: ubs group ag, advanced micro devices inc, nasdaq composite, technology, delivery hero se, marvell technology inc, s&p 500 index, dow jones industrial average, micron technology inc, switzerland, world markets, arm holdings plc, business news, markets,
Source: https://www.cnbc.com/2023/12/22/stock-markets-markets-rebound-in-time-for-the-santa-claus-rally.html