CNBC Daily Open: Wall Street on edge over Fed's key inflation gauge
Publishing timestamp: 2024-02-28 21:31:50
Summary
Wall Street ended lower as investors await personal consumer expenditures reading. Google CEO addressed AI blunders, Apple bets big on AI, Disney and Reliance to merge in India. Investors eye inflation gauge, hoping for easing. Fed officials cautious about rate cuts. Fed watchers expect PCE report to show slight uptick, potentially delaying rate cuts.
Sentiment: MIXED
Tickers: RS, .SPX, NOVO.B-DK, PARA, .DJI, GOOGL, SPGI, .IXIC, WBD, AAPL, MCO, LLY, DIS, US10Y,
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