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CNBC Daily Open: Wall Street on edge over Fed's key inflation gauge - TL;DR CNBC

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.SPXNOVO.B-DKPARA.DJIGOOGLSPGI.IXICWBDAAPLMCOLLYDISUS10Y

Keywords: s&p global incpricesjapanwarner bros discovery incunited stateseconomic eventsu.s. 10 year treasurymarketsalphabet incapple incworld marketsmoody's corps&p 500 indextim cooksundar pichaireliance steel & aluminum conasdaq compositeeli lilly and conovo nordisk a/sparamount globalindiabusiness newswalt disney codow jones industrial average

Source: https://www.cnbc.com/2024/02/29/cnbc-daily-open-wall-street-on-edge-over-feds-key-inflation-gauge.html


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