CNBC Daily Open: Good data, bad news?
Publishing timestamp: 2024-01-17 18:47:33
Summary
The Dow Jones Industrial Average fell for the third straight day, along with other main indexes. European stocks also dropped, with British stocks leading the losses. U.S. retail sales for December were higher than expected, indicating a pickup in holiday shopping. JPMorgan Chase CEO Jamie Dimon discussed various topics at the World Economic Forum, including praising former U.S. President Donald Trump. The U.S. Court of Appeals reinstated a sales ban on Apple's watches with blood oxygen sensors. Some energy stocks are expected to perform well after a tough year. Treasury yields have risen this week, influenced by comments from a Federal Reserve Governor. The markets have been pricing in interest rate cuts, but the stronger retail sales data may not change the Fed's stance.
Sentiment: MIXED
Tickers: WFC, JPM, C, GOOGL, AAPL, .DJI, .STOXX,
Keywords: inflation, banks, wells fargo & co, business news, retail industry, united states, apple inc, jpmorgan drn, alphabet inc, dow jones industrial average, prices, citigroup inc, consumer prices, markets, world markets, stoxx 600,
Source: https://www.cnbc.com/2024/01/18/stock-markets-good-data-bad-news-.html