Squawk on the Street
Final Trading Day of 1H, Markets Jump on Inflation Data, Apple Hits $3T Valuation 6/30/23
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Show notes
On a busy final trading day of the month, quarter and half, Carl Quintanilla, David Faber and Sara Eisen explored the 2023 rally, led by the Nasdaq -- on track for its best first half in four decades, fueled by AI. What can investors expect in the second half? The Fed's favorite inflation gauge gave a lift to stocks on Friday: Core PCE cooled in May on a year-over-year basis. The anchors discussed Apple hitting a $3 trillion valuation at the open of trading. Also in focus: Nike shares fall on mixed quarterly results, the latest on merger deals in the FTC's crosshairs -- Microsoft-Activision and Amgen-Horizon Therapeutics.
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