CNBC Daily Open: Wall Street heaves a sigh of relief
Publishing timestamp: 2024-03-20 22:00:22
Summary
Wall Street rallied to record close after the Federal Reserve held interest rates and maintained plans to cut three times this year. Congress is looking into U.S. investments in China, Reddit prices its IPO, Kuwait oil CEO warns of potential global tanker shortage, and a new class of weight loss drugs could impact Swiss companies. The Fed's commitment to three rate cuts and positive economic outlook led to sharp market gains.
Sentiment: POSITIVE
Tickers: SPGI, .IXIC, .SPX, NVDA, .N225, .DJI,
Keywords: s&p global inc, south korea, prices, jerome powell, united states, economic events, s&p 500 index, nvidia corp, world markets, beijing, dow jones industrial average, kuwait, business news, china, markets, nasdaq composite, nikkei 225 index, shanghai, tim cook,
Source: https://www.cnbc.com/2024/03/21/cnbc-daily-open-wall-street-heaves-a-sigh-of-relief.html