Squawk on the Street
Market Rally vs. Losing Streak, Walgreens Woes, Delta's Message to Investors 6/27/23
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Show notes
With the Dow in the midst of a six-day losing streak -- and the S&P 500 down in five of the last six sessions -- Carl Quintanilla, David Faber and Mike Santoli explored whether or not this year's market rally is losing steam. Shares of Walgreens Boots Alliance fell sharply after the company slashed guidance and posted its first quarterly earnings miss in three years. A different story for Delta: The airline raised Q2 guidance and hosted its annual "Investor Day" event. Also in focus: EV stocks roundup, the IPO market's busy week, the Snowflake-Nvidia AI partnership, Citi ups its price target on Meta to a street-high $360.
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