CNBC Daily Open: Data and earnings ease recession fears
Publishing timestamp: 2024-08-16 02:46:57
Summary
Wall Street rallied on strong retail sales and labor data, easing recession fears. Walmart's shares rose after boosting forecasts, United Airlines CEO expressed renewed confidence in Boeing's recovery, and Comcast's NBCUniversal secured NBA games for its Peacock streaming service. Japanese stocks rose, and Morgan Stanley predicts S&P 500 could reach 6000 by year-end.
Sentiment: MIXED
Tickers: SPCE, LLAP, UAL, NFLX, .DJI, .IXIC, BA, CMCSA, WMT, US10Y, .N225, .HSI, AAL, .STI, .KS11, DIS,
Keywords: retail sales, comcast corp, business news, nasdaq composite, boeing co, straits times index, nikkei 225 index, s&p rating services, dow jones industrial average, aeronautics technology, streaming media technology, netflix inc, nba basketball, walt disney co, hang seng index, inflation, american airlines group inc, oil and gas, streaming services, nbcuniversal, amazon, virgin galactic holdings inc, tailwind two acquisition corp, walmart inc, virgin galactic, kospi index, united airlines holdings inc, u.s. 10 year treasury, space tourism, national aeronautics and space administration, unemployment,
Source: https://www.cnbc.com/2024/08/16/cnbc-daily-open-data-and-earnings-ease-recession-fears.html