CNBC Daily Open: Sticky inflation muddies water for Fed
Publishing timestamp: 2024-03-13 03:45:41
Summary
Stocks rallied on Tuesday with S&P 500 hitting a fresh record. Shareholder payouts reached $1.7 trillion last year, with banking sector leading the growth. Boeing's crisis has hurt airlines. Citadel CEO warns against cutting rates too quickly. Experts discuss whether to buy or sell Nvidia. Inflation data came in hot for the second straight month, posing a challenge for the Fed's rate cut deliberations. Markets are waiting to see if the Fed will continue with three rate cuts for the year.
Sentiment: MIXED
Tickers: ALK, .IXIC, .N225, SPGI, .DJI, .SPX, BA, SCHW, UAL, ORCL, LUV,
Keywords: world markets, united airlines holdings inc, prices, markets, japan, donald trump, charles schwab corp, boeing co, united states, jerome powell, nikkei 225 index, oracle corp, s&p global inc, china, s&p 500 index, dow jones industrial average, alaska air group inc, southwest airlines co, nasdaq composite, business news,
Source: https://www.cnbc.com/2024/03/13/cnbc-daily-open-sticky-inflation-muddies-water-for-fed-.html