News Formal

CNBC Daily Open: Strong earnings, macro conditions propelling stocks up

  • 📰 NBCDFW
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

News News

Business Business Latest News,Business Business Headlines

With monetary policy easing, the economy staying strong and inflation cooling, stocks look like they have stamina to keep going higher.

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribecut rates by 25 basis points

The pullback in stocks on Wednesday was brief, like a marathoner pausing to drink before pounding the road again. The investment banking business was a main source of profit for Morgan Stanley. Supported by the U.S. Federal Reserve beginning its rate-cutting cycle, initial public offerings and mergers and acquisitions are emerging from hibernation, injecting fresh life into Wall Street banks.has jumped more than 6% over the past five trading days. In another sign of the rally broadening, the banking ETF has outstripped the S&P 500's climb of less than 1% during the same period.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 288. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CNBC Daily Open: Strong earnings, macro conditions driving stocks higherWith monetary policy easing, the economy staying strong and inflation cooling, stocks look like they have stamina to keep going higher.
Source: nbcchicago - 🏆 545. / 51 Read more »

CNBC Daily Open: Stocks’ choppiness in October can be an opportunityThe see-saw motion of stocks in October isn’t all that bad if investors can seize the right time to enter the market or solidify their positions further.
Source: CNBC - 🏆 12. / 72 Read more »