CNBC Daily Open: What recession? The U.S. economy grew at rapid pace
Publishing timestamp: 2024-01-26 02:30:01
Summary
Asia-Pacific markets mostly fell as electric vehicle stocks dropped following a slide in Tesla shares. U.S. indexes ended in the green after strong GDP data. Tesla shares plunged 12% after missing earnings expectations. Chinese financial institutions are urged to support the struggling real estate sector. HSBC warns of a "super squeeze" in global commodity markets. The U.S. economy grew at an accelerated pace in Q4 2023, with the Biden administration claiming credit for the strong recovery. Inflation remains under control.
Sentiment: MIXED
Tickers: .SPX, MMM, NFLX, .DJI, CME, GOOGL, .IXIC, AAPL, DHI, CTRN, VZ, ALK, HSBA-GB, LMT, WWE, TSLA, BA, APX-AU,
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