CNBC Daily Open: The Fed's rude awakening
Publishing timestamp: 2024-01-17 02:30:01
Summary
The article discusses how U.S. stocks started the week lower due to investors watching fourth-quarter earnings and tracking uptick in Treasury yields. It mentions that China's economy grew at a pace of 5.2% in 2023, exceeding its growth target, but also notes concerns about youth unemployment. The article also highlights the earnings reports from Goldman Sachs and Morgan Stanley, and mentions Morgan Stanley's key picks in Europe's technology hardware sector. It concludes by mentioning discussions on artificial intelligence at the World Economic Forum in Davos.
Sentiment: MIXED
Tickers: JPM, US10Y, GOOGL, .STOXX, C, MS, WFC, GS, .IXIC, .SPX, .DJI,
Keywords: markets, world markets, inflation, consumer prices, wells fargo & co, jpmorgan drn, citigroup inc, dow jones industrial average, business news, banks, united states, stoxx 600, goldman sachs group inc, prices, morgan stanley, alphabet inc,
Source: https://www.cnbc.com/2024/01/17/stock-markets-the-feds-rude-awakening-.html