CNBC Daily Open: Holiday cheer uplifts markets
Publishing timestamp: 2023-12-27 02:30:01
Summary
U.S. markets rose after the Christmas holiday, with the S&P 500 close to its all-time high. Chinese gaming stocks rebounded after concerns about new gaming rules. Other technology stocks, such as Nvidia, CrowdStrike, HubSpot, and Salesforce, are also attracting attention. Analysts predict that the slump in PC sales will end next year due to AI-capable devices. The "golden cross" pattern is seen as a bullish event for stocks. Former Dallas Federal Reserve President Robert Kaplan expects the central bank to start cutting rates soon. Retail spending during the holiday season suggests a strong consumer and positive outlook for the U.S. economy and financial markets.
Sentiment: MIXED
Tickers: .HSI, .RUT, AAPL, MASI, MA, CRM, .DJI, .IXIC, .SPX, 9626-HK, CRWD, 9999-HK, .N225, 700-HK, HUBS, MSTR, HPQ, NVDA,
Keywords: netease inc, nasdaq composite, hubspot inc, technology, hang seng index, mastercard inc, dow jones industrial average, s&p 500 index, salesforce inc, crowdstrike holdings inc, bilibili inc, apple inc, masimo corp, tencent holdings ltd, united states, nvidia corp, markets, russell 2000 index, nikkei 225 index, economic events, hp inc, world markets, microstrategy inc, business news,
Source: https://www.cnbc.com/2023/12/27/stock-markets-holiday-cheer-uplifts-markets.html