CNBC Daily Open: What recession? The U.S. economy kept growing
Publishing timestamp: 2024-01-26 02:43:12
Summary
The U.S. stock market ended higher after strong GDP data, with the Dow Jones and S&P 500 reaching new records. Tesla's stock plunged after disappointing earnings and warnings of a slowdown. Apple plans to open its iPhone App Store to competitors in response to new European regulations. Christine Lagarde responded to criticism of her leadership at the European Central Bank. The U.S. economy grew at an accelerated pace in the fourth quarter, exceeding expectations. The Biden administration claimed credit for the strong economy. Inflation remained under control, indicating a potential soft landing for the economy.
Sentiment: NEUTRAL
Tickers: .SPX, MMM, NFLX, .DJI, GOOGL, .IXIC, DHI, CTRN, VZ, ALK, CME, LMT, WWE, TSLA, BA, APX-AU,
Keywords: world wrestling entertainment inc, world markets, business news, tesla inc, economic events, lockheed martin corp, prices, boeing co, dr horton inc, india, dow jones industrial average, nikki haley, saudi arabia, markets, earnings, alphabet inc, china, netflix inc, verizon communications inc, s&p 500 index, christine lagarde, united states, donald trump, alaska air group inc, 3m co, nasdaq composite, appen ltd, cme group inc, citi trends inc,
Source: https://www.cnbc.com/2024/01/26/cnbc-daily-open-what-recession-the-us-economy-kept-growing.html