CNBC Daily Open: Could better data be a good thing for markets?
Publishing timestamp: 2024-01-18 02:30:01
Summary
The Dow Jones Industrial Average fell for the third straight day, along with other main indexes on Wall Street. China stocks hit five-year lows while Hong Kong stocks rebounded. U.S. retail sales for December were higher than expected, driven by clothing, accessories, and online shopping. JPMorgan Chase CEO Jamie Dimon discussed various topics at the World Economic Forum in Davos, including praising former U.S. President Donald Trump. Singapore Transport Minister S Iswaran resigned as he faces corruption charges. Citi suggests that it is not too late for investors to invest in the exponential growth of AI technology. Treasury yields have risen this week, influenced by comments from Federal Reserve Governor Christopher Waller. The Fed's stance on interest rate cuts contrasts with market expectations.
Sentiment: NEUTRAL
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-could-better-data-be-a-good-thing-for-markets.html