CNBC Daily Open: Concerns over sluggish U.S. consumer spending
Publishing timestamp: 2024-02-16 02:30:01
Summary
The Nikkei 225 reached a new 34-year high and is closing in on all-time record levels. Japan's central bank is likely to make policy changes, including exiting from negative interest rates. Nvidia took stakes in several public companies, causing their shares to soar. Ford's CEO urged investors to focus on Ford's "Pro" fleet business instead of Tesla. Morgan Stanley identified underappreciated beneficiaries of the AI boom in Asia-Pacific. Retail sales in the US dropped 0.8% in January, raising doubts about consumer activity. However, there were positive economic indicators in the labor market and manufacturing sector. Wall Street's focus will turn to the producer price index.
Sentiment: MIXED
Tickers: FOXA, MSFT, AAPL, FOX, MCO, ZE594-CN, GOOGL, .DJI, NFLX, DIS, MMM, AMZN, BA, .N225, CTRN, QCOM, SONY, ALK, 6758.T-JP, ARM, .RUT, IRBT, MCD, .IXIC, TSLA, VZ, .KS11, 7974.T-JP, BYDDY, META, WBD, CME, BTC.CB=, WWE, F, OXY, NTDOY, US10Y, .SPX, APX-AU, DBSM-SG, NDAQ, BABA, NVDA, SNAP, LMT, DHI, PLTR,
Keywords: cme group inc, s&p 500 index, apple inc, nintendo co ltd, china, ford motor co, janet yellen, fox corp. class a, elon musk, south korea, iraq, dr horton inc, amazon.com inc, warner bros discovery inc, russell 2000 index, kospi index, beijing, iran, jerome powell, united states, fox corp. class b, alibaba group holding ltd, japan, alphabet inc, bob iger, nikkei 225 index, nasdaq composite, dow jones industrial average, markets, lockheed martin corp, iphone, microsoft corp, personnel, 3m co, donald trump, irobot corp, nikki haley, india, qualcomm inc, appen ltd, nvidia corp, arm holdings plc, labor economy, citi trends inc, neel kashkari, verizon communications inc, sony group corp, world wrestling entertainment inc, earnings, nasdaq inc, taiwan, byd co ltd, moody's corp, alaska air group inc, mcdonald's corp, occidental petroleum corp, christine lagarde, netflix inc, tesla inc, palantir technologies inc, vladimir putin, bitcoin/usd coinbase, snap inc, prices, meta platforms inc, walt disney co, saudi arabia, u.s. 10 year treasury, economic events, masayoshi son, world markets, boeing co, business news, dbs group holdings ltd, ukraine, joe biden,
Source: https://www.cnbc.com/2024/02/16/cnbc-daily-open-concerns-over-sluggish-us-consumer-spending.html