CNBC Daily Open: The Nasdaq popped last week. But tech might be in trouble
Publishing timestamp: 2023-03-05 18:22:21
Summary
The Nasdaq outpaced other indexes last week, but there are some signs of trouble in the tech industry. China wants to hit "around 5%" growth in 2023, and Amazon has paused construction of its second headquarters. Google has pivoted from its search-first strategy to position its AI chatbot Bard as a "creative companion". Despite the Nasdaq's stellar showing so far this year, it remains to be seen if the promises of tech will translate into further gains for the index.
Sentiment: MIXED
Tickers: MSFT, VOW3-DE, GOOGL, AMZN, META,
Keywords: jerome powell, federal reserve system, alphabet inc, technology, china, li keqiang, markets, united states, world markets, business news, volkswagen ag, meta platforms inc, microsoft corp, amazon.com inc,