CNBC Daily Open: Wall Street hits record highs as rate cut bets
Publishing timestamp: 2024-05-15 21:20:15
Summary
Wall Street hits record high as S&P 500 and Nasdaq reach new highs on lower than expected inflation data. CEO of JPMorgan Chase warns of unsustainable U.S. fiscal deficit. Meme stock rally falters. Two brothers indicted for $25 million crypto heist. Analysts at Morgan Stanley identify U.S. stocks that could benefit from U.S.-China trade tensions. Market sentiment suggests increased probability of Fed rate cut in September. Fed Chair Powell emphasizes need for patience.
Sentiment: MIXED
Keywords: consumer prices, alphabet inc, world markets, stoxx 600, prices, breaking news: markets, business news, inflation, united states, markets,