Market Momentum, Semi Surge, BOJ’s Surprise Shift 7/28/23

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.

Squawk on the Street Disclaimer

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.