CNBC Daily Open: Hawkish Fed minutes chill markets further
Publishing timestamp: 2024-01-04 02:30:02
Summary
The article discusses the uncertainty over interest rate cuts by the Federal Reserve in 2024, which has caused markets to fall. It also mentions the struggles of Alibaba and highlights stocks that are trading at cheaper valuations than the S&P 500. The article concludes by mentioning upcoming jobs data and the U.S. consumer price index, which will impact the path of rates and market direction.
Sentiment: MIXED
Tickers: .SPX, .IXIC, DP4B-DE, MAERSK.B-DK, BABA, .DJI, .NSEI,
Keywords: s&p 500 index, ap moeller - maersk a/s, markets, cnx nifty index, business news, technology, prices, alibaba group holding ltd, interest rates, federal reserve bank, world markets, dow jones industrial average, united states, nasdaq composite,
Source: https://www.cnbc.com/2024/01/04/stock-markets-hawkish-fed-minutes-chill-markets-further.html