S&P 500 inches higher as stocks attempt rebound from Tuesday's big sell-off: Live updates
Publishing timestamp: 2024-02-14 12:48:47
Summary
The S&P 500 and Nasdaq Composite rebounded after steep losses, with Lyft shares jumping 30% on better-than-expected earnings. Airbnb slipped despite beating revenue expectations. Nvidia's market capitalization briefly surpassed Alphabet's. The market experienced a sell-off due to concerns about inflation and potential delays in Federal Reserve rate cuts. Several stocks hit new 52-week highs. Major cloud ETFs were down for the week. Deutsche Bank sees positive events ahead for General Electric. Gold and silver prices reached levels not seen since 2023. Lyft shares initially surged but later corrected an error in its margin expansion forecast. Bitcoin and Ether rose, boosting crypto-related equities. European shares had a muted start. U.K. inflation held steady at 4% year-on-year in January. Jeremy Grantham cautioned about the enthusiasm for artificial intelligence.
Sentiment: NEUTRAL
Tickers: ETH.CM=, LYFT, AAPL, @DJ.1, SKYY, MSFT, UBER, IREN, .IXIC, .SPX, @SI.1, GE, HOOD, RIOT, NVDA, LLY, WM, @SP.1, LRCX, ANGI, AMZN, MA, SHOP, @GC.1, .DJI, FROG, BLKB, .STOXX, ABNB, PGR, GOOGL, MSTR, CLSK, MARA, BTC.CM=, @ND.1, COIN, WCLD,
Keywords: dow jones fut (mar'23), markets, united states, business news, nasdaq 100 fut (mar'23), austan goolsbee, s&p 500 fut (mar'23), s&p 500 index, nasdaq composite, airbnb inc, dow jones industrial average, breaking news: markets, alphabet inc, lyft inc, nvidia corp, prices,
Source: https://www.cnbc.com/2024/02/13/stock-market-today-live-updates.html