CNBC Daily Open: Markets surge on Fed rate-cut signals
Publishing timestamp: 2024-03-21 03:30:01
Summary
Asia markets surged after the Federal Reserve held interest rates and maintained its forecast for three rate cuts. Gold prices could continue to rise, U.S. investments in China are under scrutiny, Reddit priced its IPO at $34 per share, and a new class of weight loss drugs could impact Swiss companies. Wall Street reacted positively to the Fed's stance on rate cuts and GDP growth forecast. Fed appears to be signaling patience in reaching inflation target and balance sheet size.
Sentiment: POSITIVE
Tickers: SPGI, .KS11, .IXIC, .SPX, NVDA, .N225, .DJI,
Keywords: united states, south korea, s&p 500 index, business news, s&p global inc, world markets, china, prices, nvidia corp, beijing, jerome powell, kospi index, markets, nasdaq composite, nikkei 225 index, shanghai, dow jones industrial average,
Source: https://www.cnbc.com/2024/03/21/cnbc-daily-open-markets-surge-on-fed-rate-cut-signals-.html