CNBC Daily Open: Dashed hopes for March rate cuts
Publishing timestamp: 2024-01-31 21:07:01
Summary
Wall Street tumbles after Federal Reserve chairman Jerome Powell indicates that rate cuts are not coming soon. Qualcomm's quarterly earnings exceed expectations. Meta's rally may be tied to low-cost retailers. Disney's lawsuit against Florida Gov. Ron DeSantis is dismissed. Ether is set to take center stage in February. The lack of clarity from the Fed on rate cuts spooks the markets. Attention now turns to Friday's job report.
Sentiment: MIXED
Tickers: NDAQ, LMT, IRBT, NFLX, ALK, .IXIC, WWE, MSFT, CME, MMM, GOOGL, DIS, DHI, .DJI, BA, APX-AU, .SPX, TSLA, VZ, META, QCOM, AAPL, CTRN,
Keywords: boeing co, verizon communications inc, markets, economic events, walt disney co, prices, s&p 500 index, qualcomm inc, janet yellen, tesla inc, microsoft corp, cme group inc, beijing, india, donald trump, business news, christine lagarde, apple inc, citi trends inc, meta platforms inc, jerome powell, united states, joe biden, iphone, irobot corp, alphabet inc, iran, iraq, dow jones industrial average, dr horton inc, saudi arabia, appen ltd, alaska air group inc, netflix inc, earnings, nikki haley, nasdaq composite, nasdaq inc, world wrestling entertainment inc, lockheed martin corp, taiwan, world markets, china, elon musk, 3m co,
Source: https://www.cnbc.com/2024/02/01/cnbc-daily-open-dashed-hopes-for-march-rate-cuts.html