CNBC Daily Open: U.S. economy sparks optimism
Publishing timestamp: 2024-02-26 20:25:22
Summary
Markets closed lower as investors awaited inflation data, but bitcoin rallied. Zoom shares surged, JPMorgan CEO optimistic about AI, US to become major hub for semiconductor chips. Analysts are increasingly positive about US economy, with NABE sharply revising GDP forecast for 2024. Bank of America survey shows decline in recession fears. Investors resetting expectations for rate cuts. Markets bracing for more key data on economy and inflation.
Sentiment: MIXED
Tickers: SMCI, .DJI, BTC.CB=, US10Y, .IXIC, .SPX, MCO, SPGI, ZM,
Keywords: super micro computer inc, nasdaq composite, jamie dimon, s&p global inc, moody's corp, business news, markets, u.s. 10 year treasury, bitcoin/usd coinbase, zoom video communications inc, world markets, japan, dow jones industrial average,
Source: https://www.cnbc.com/2024/02/27/cnbc-daily-open-us-economy-sparks-optimism-.html