CNBC Daily Open: No letup in tech layoffs
Publishing timestamp: 2024-02-06 20:28:25
Summary
U.S. stocks rebounded, with the S&P 500 and Nasdaq Composite closing higher. Silver prices are expected to reach a decade-high due to potential rate cuts. Snap shares slumped after missing revenue estimates. ESPN, Fox, and Warner Bros. Discovery plan to launch a joint sports streaming platform. BYD is expected to emerge as a winner in the electric vehicle race. Silicon Valley tech companies continue to downsize through layoffs. Investors view layoffs as a positive sign of cost discipline.
Sentiment: MIXED
Tickers: .KS11, .DJI, ZE594-CN, AMZN, CTRN, NDAQ, SNAP, TSLA, BYDDY, ALK, .IXIC, APX-AU, WWE, F, AAPL, MCD, DHI, GOOGL, DIS, QCOM, IRBT, FOXA, MSFT, OXY, WBD, VZ, LMT, NFLX, BA, PLTR, CME, .SPX, US10Y, FOX, META, MMM,
Keywords: prices, cme group inc, elon musk, alphabet inc, walt disney co, personnel, labor economy, warner bros discovery inc, ford motor co, markets, byd co ltd, earnings, world wrestling entertainment inc, beijing, apple inc, lockheed martin corp, appen ltd, citi trends inc, u.s. 10 year treasury, united states, snap inc, bob iger, nasdaq composite, iphone, janet yellen, dr horton inc, christine lagarde, taiwan, fox corp. class a, dow jones industrial average, 3m co, irobot corp, donald trump, iran, alaska air group inc, joe biden, palantir technologies inc, saudi arabia, mcdonald's corp, nasdaq inc, south korea, amazon.com inc, fox corp. class b, economic events, verizon communications inc, occidental petroleum corp, jerome powell, world markets, boeing co, microsoft corp, netflix inc, nikki haley, iraq, qualcomm inc, kospi index, meta platforms inc, tesla inc, business news, s&p 500 index, china, india,
Source: https://www.cnbc.com/2024/02/07/cnbc-daily-open-no-letup-in-tech-layoffs-.html