Stock Market Today: Live Updates
- Okay, here's a breakdown of the CNBC live blog content you provided, summarizing the key details:
- Overall Focus: the live blog is covering market updates, economic data releases (specifically the PCE report), and company earnings news.
- * Market Comparison: A chart comparing the performance of Oracle (ORCL) and Nvidia (NVDA) over the past day is embedded.
Okay, here’s a breakdown of the CNBC live blog content you provided, summarizing the key details:
Overall Focus: the live blog is covering market updates, economic data releases (specifically the PCE report), and company earnings news.
Key Updates:
* Market Comparison: A chart comparing the performance of Oracle (ORCL) and Nvidia (NVDA) over the past day is embedded.
* PCE Report Expectations: economists are predicting the following for the PCE (Personal Consumption Expenditures) report due out Friday:
* PCE price index (MoM): +0.3%
* PCE price index (YoY): +2.7%
* Core PCE price index (MoM): +0.2%
* Core PCE price index (YoY): +2.9%
* Earnings Reactions:
* Costco (COST): Shares dipped about 0.9% after reporting fiscal Q4 earnings and revenue that beat estimates.The gains were supported by membership income and e-commerce.
* Concentrix (CNXC): The blog mentions Concentrix also moved after market close, but doesn’t provide details on the direction or reason.
Additional Notes:
* The blog includes some SVG images (likely icons or graphics) at the beginning.
* There’s a “Collapsible” element with a dismiss button, suggesting some content might be hidden or expandable.
* The blog uses CNBC’s standard formatting for stock tickers (e.g., <a href="https://www.cnbc.com/quotes/COST/">Costco</a>).
* The blog is timestamped with post IDs (e.g., “108204357-post”).
Let me know if you’d like me to elaborate on any specific part of this summary or if you have another section of the live blog you’d like me to analyse.
