CNBC Daily Open: Markets' upbeat mood
Publishing timestamp: 2024-01-23 00:43:43
Summary
Wall Street extended gains with the Dow Jones hitting a new record above 38,000 and the S&P 500 reaching an all-time high. Bitcoin dipped below $40,000 for the first time this year. China is facing a deflation problem that could hurt economic growth. Morgan Stanley and JPMorgan highlighted key China internet picks for this year. The market rally may be driven by optimism about the U.S. economy and expectations of Federal Reserve interest rate cuts. The future of the rally remains uncertain.
Sentiment: MIXED
Tickers: .DJI, .SPX, BTC.CM=, ALK, .IXIC,
Keywords: dow jones industrial average, economic events, business news, alaska air group inc, china, s&p 500 index, world markets, united states, donald trump, markets, prices, nasdaq composite,
Source: https://www.cnbc.com/2024/01/23/cnbc-daily-open-markets-upbeat-mood.html