CNBC Daily Open: Weak U.S consumer spending spells caution
Publishing timestamp: 2024-02-15 19:57:09
Summary
The article discusses the rally in the stock market, with the S&P 500 setting a new record high. It also mentions Nvidia's success and its impact on other artificial intelligence companies. Ford's CEO encourages investors to focus on Ford's "Pro" fleet business instead of Tesla. Russian leader Vladimir Putin expresses a preference for Joe Biden as the US president. Morgan Stanley identifies underappreciated beneficiaries of the artificial intelligence boom in Asia-Pacific. The article also mentions weak retail sales data and positive economic indicators such as jobless claims and regional manufacturing surveys.
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Source: https://www.cnbc.com/2024/02/16/cnbc-daily-open-weak-us-consumer-spending-spells-caution.html