CNBC Daily Open: Inflation's stubborn staying power
Publishing timestamp: 2024-02-13 19:56:06
Summary
The article discusses the negative impact of the latest consumer price index release on the stock market, with Wall Street ending in the red. It also mentions Nvidia surpassing Amazon in market capitalization, Paramount Global slashing its workforce, and the retreat of cryptocurrencies, including Bitcoin. The article highlights the disappointment of investors with the higher-than-expected inflation data and the potential implications for interest rates.
Sentiment: NEGATIVE
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Keywords: walt disney co, microsoft corp, saudi arabia, earnings, amazon.com inc, qualcomm inc, occidental petroleum corp, byd co ltd, joe biden, bob iger, alibaba group holding ltd, 3m co, japan, tesla inc, beijing, alphabet inc, christine lagarde, snap inc, nasdaq inc, meta platforms inc, prices, masayoshi son, ukraine, iphone, markets, united states, palantir technologies inc, arm holdings plc, s&p 500 index, moody's corp, world wrestling entertainment inc, personnel, dow jones industrial average, donald trump, world markets, kospi index, irobot corp, nintendo co ltd, neel kashkari, bitcoin/usd coinbase, russell 2000 index, iran, janet yellen, china, apple inc, appen ltd, alaska air group inc, netflix inc, iraq, dbs group holdings ltd, nikkei 225 index, lockheed martin corp, verizon communications inc, taiwan, citi trends inc, elon musk, mcdonald's corp, economic events, india, fox corp. class b, business news, u.s. 10 year treasury, ford motor co, jerome powell, nasdaq composite, cme group inc, labor economy, boeing co, south korea, nikki haley, warner bros discovery inc, fox corp. class a, dr horton inc,
Source: https://www.cnbc.com/2024/02/14/cnbc-daily-open-inflations-stubborn-staying-power.html