Win Streak on Wall Street, Adobe Rides the AI Rally, Cava's Double Delight 6/16/23

Win Streak on Wall Street, Adobe Rides the AI Rally, Cava's Double Delight 6/16/23

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  • Afsnit
    • 1147
  • Udgivet
    • 16. jun. 2023
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Afsnit
1147 of 1998
Længde
44M
Sprog
Engelsk
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Kategori
Økonomi & Business

Heading into the long holiday weekend, Jim Cramer and David Faber explored what to make of the stock markets' upward momentum. The S&P 500 and Nasdaq each in the midst of a six-day win streak and on track for their best week since March. Adobe among Friday's gainers after it posted a quarterly beat and raised guidance, highlighting cloud demand and a focus on AI. The anchors also discussed Cava's strong public debut: The Mediterranean fast-casual chain nearly doubling its IPO price at the close of trading on Thursday. How much of a boost could this give the IPO market? Also in focus: Disney's Christine McCarthy to step down as CFO, Humana warns, Fed Governor Christopher Waller weighs in on bank failures and monetary policy.

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