CNBC Daily Open: Markets don’t always reflect the state of the economy
Publishing timestamp: 2024-09-09 02:31:31
Summary
The U.S. economy added fewer jobs than expected in August, causing U.S. markets to fall. China is facing deflationary pressures and JPMorgan downgraded its opinion on Chinese stocks. Despite the stock market decline, the U.S. economy is not as bad as stocks imply, with job additions in August higher than in July and unemployment rate dipping. Markets seem to be driven by sentiment rather than concrete economic factors.
Sentiment: MIXED
Tickers: .N225, GOOGL, .DJI, .IXIC, .SPX, AMZN, NVDA, GS, JPM,
Keywords: nikkei 225 index, alphabet inc, dow jones industrial average, jobs, markets, china, labor economy, economy, nasdaq composite, amazon.com inc, united states, nvidia corp, technology, economic events, business news, world markets, personnel, jpmorgan chase & co, goldman sachs group inc, janet yellen, s&p 500 index,
Source: https://www.cnbc.com/2024/09/09/stock-markets-dont-always-reflect-the-state-of-the-economy.html