CNBC Daily Open: What recession? The U.S. economy kept growing
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 subscribe here .
Stocks end higher
All three U.S. indexes ended in the green on Thursday after strong U.S. fourth-quarter GDP data, which beat Wall Street expectations. The Dow Jones Industrial Average climbed 0.6%, while the S&P 500 rose 0.5% to a new all-time closing record. The tech-heavy Nasdaq Composite, inched up about 0.2%, weighed down by a sell-off in Tesla.
Tesla shares plunge 12%
Shares of electric vehicle maker Tesla plunged 12%, their biggest drop in over a year. The move came a day after the company's earnings missed expectations and it warned of a slowdown in 2024. Tesla's stock also came under pressure from various brokers, who reduced their price targets for the company.
Apple opens iPhone store in Europe
Apple plans to open up its iPhone App Store in Europe to competitors. This move opens up cracks in the company's famous "walled garden," with which it controls app distribution on its devices. This was in response to a new European law, the Digital Markets Act, which forces big tech companies to open up their platforms by March of this year.
Lagarde responds to scathing survey
Christine Lagarde said she was "proud and honored" to lead the European Central Bank, after her leadership was criticized in a union-run survey of staff. Lagarde went on to say that the ECB's own surveys suggested people were happy to work at the central bank and had a sense of mission.
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