CNBC Daily Open: A key inflation gauge in focus
Publishing timestamp: 2024-03-27 21:24:20
Summary
Wall Street rallied with S&P 500 and Dow closing at record highs. Janet Yellen warned about China dumping solar panels and EVs. Chinese President Xi Jinping met with U.S. executives. Global ocean carriers are putting U.S. companies on hook for urgent cargo pickup due to Port of Baltimore bridge collapse. Investors are advised to hedge their positions. Fed governor Chris Waller is closely watching PCE data for inflation trends. Market remains cautiously optimistic about Fed's rate-cut forecast.
Sentiment: MIXED
Tickers: BX, QCOM, .N225, .DJI, .KS11, SPGI, .IXIC, .SPX,
Keywords: beijing, nikkei 225 index, business news, s&p 500 index, united states, prices, mark carney, nasdaq composite, world markets, markets, kospi index, xi jinping, dow jones industrial average, china, baltimore, s&p global inc,
Source: https://www.cnbc.com/2024/03/28/cnbc-daily-open-a-key-inflation-gauge-in-focus-.html