Squawk on the Street
New Market Week, Dell Layoffs and Tesla's 2023 Rally Rolls On 2/6/23
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Show notes
Carl Quintanilla, Jim Cramer and David Faber led off the by discussing what's ahead for the markets, with the Nasdaq in the midst of a five-week win streak. The anchors reacted to a pair of Wall Street notes: Goldman Sachs raised its three-month S&P 500 price target on hopes of a soft landing, while Bank of America said recent earnings revisions are "better than feared." More tech layoffs: Dell announced plans to cut more than 6,600 jobs or 5% of its workforce. Also in focus: Tesla extended its big year-to-date rally after hiking prices of its Model Y SUVs, a legal victory for Elon Musk, plus M&A news sparking some of the day's biggest movers.
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