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CNBC Daily Open: What recession? The U.S. economy kept growing - TL;DR CNBC

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: .SPXMMMNFLX.DJIGOOGL.IXICDHICTRNVZALKCMELMTWWETSLABAAPX-AU

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Source: https://www.cnbc.com/2024/01/26/cnbc-daily-open-what-recession-the-us-economy-kept-growing.html


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