CNBC Daily Open: Inflation’s still high — but so is the stock market
Publishing timestamp: 2024-12-13 02:30:01
Summary
Markets in the US and Asia-Pacific retreated due to hotter-than-expected wholesale inflation numbers. U.S. producer prices rose, while India's inflation rate cooled. European Central Bank cut interest rates. Tom Lee made predictions for the stock market and bitcoin in 2025. Nasdaq fell, but Broadcom shares surged after releasing better-than-expected earnings.
Sentiment: MIXED
Tickers: AAPL, .IXIC, ADBE, BC-IT, AMZN, AVGO, .SPX, US10Y, .DJI,
Keywords: india, adobe inc, prices, world markets, markets, nasdaq composite, apple inc, economic events, broadcom inc, s&p 500 index, inflation, business news, brunello cucinelli spa, united states, amazon.com inc, dow jones industrial average, u.s. 10 year treasury,