Squawk on the Street
Q2 Beats for BofA and Morgan Stanley, Dow Aims for 7-Day Win Streak, June Retail Sales Miss 7/18/23
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Show notes
Carl Quintanilla, Jim Cramer and David Faber explored market reaction to bank earnings, led by
better-than-expected second-quarter results from Bank of America and Morgan Stanley. All of this coming
one day after the Dow extended its daily win streak to six -- and both the S&P 500 and Nasdaq rose to levels
not seen since April 2022. Also in focus: June retail sales growth missed economists' forecasts, Shares of AT&T
and Verizon try to end major losing streaks, Wall Street calls and the “Magnificent 7," media stocks’ moves
in light of the labor strikes in Hollywood.
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