Squawk on the Street
Market Momentum, Semi Surge, BOJ’s Surprise Shift 7/28/23
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Show notes
David Faber, Leslie Picker and Scott Wapner began the hour discussing the recent market momentum with the Dow and S&P aiming for their 3rd straight week of gains. Investors digested some key inflation data as core PCE rose 4.1% from a year ago, the lowest annual rate since September 2021. The anchors then shifted to another busy day of earnings with names like P&G, Ford and Intel all reporting results; Intel returned to profitability after two straight quarters of losses. Also in the mix: the Bank of Japan surprised the global financial markets after the central bank loosened its yield curve control.
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