CNBC Daily Open: No rate cuts in 2024?
Publishing timestamp: 2024-03-05 02:41:46
Summary
Stocks retreated on Wall Street despite a rally in tech stocks tied to artificial intelligence. China set a GDP growth target of around 5% for 2024. Apple announced new MacBook Air laptops with its latest M3 chip. Gold reached a record high above $2100. Some experts believe the Fed will not cut interest rates this year, with focus on fighting inflation. Fed Chair Jerome Powell's comments on monetary policy will be closely watched.
Sentiment: MIXED
Tickers: SPGI, AMZN, META, AAPL, APO, .N225, .HSI, .SPX, .IXIC, MCO, SAVE, NVDA, MSFT, BTC.CM=, .DJI,
Keywords: united states, nikkei 225 index, microsoft corp, s&p 500 index, markets, hang seng index, amazon.com inc, bitcoin/usd coin metrics, s&p global inc, apollo global management inc, china, prices, dow jones industrial average, apple inc, world markets, moody's corp, nasdaq composite, meta platforms inc, jerome powell, nvidia corp, business news, spirit airlines inc, japan,
Source: https://www.cnbc.com/2024/03/05/cnbc-daily-open-no-rate-cuts-in-2024.html