CNBC Daily Open: 'Crazy' summer
Publishing timestamp: 2024-08-20 21:23:05
Summary
Wall Street closed lower after multi-session winning streak, with S&P 500 and Nasdaq up but Dow Jones down. Eli Lilly's weight loss drug shows promising results, Lowe's lowers forecasts due to consumer behavior, Shein sues Temu for design theft, EU reduces tariffs on Chinese EVs. Morgan Stanley warns about crowded trades and market volatility. Market navigating uncertain environment with potential rate cuts by Fed.
Sentiment: MIXED
Tickers: 104-SZ, MS, .DJI, US10Y, LLY, PDD, 175-HK, LEVI, LOW, ZE594-CN, OPY, .IXIC,
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Source: https://www.cnbc.com/2024/08/21/cnbc-daily-open-crazy-summer.html