Closing Bell: Stocks Swing, IBM's CEO On Tech spending & Taking Aim At A Deal For Robinhood 6/27/22
It was a volatile day on Wall Street as stocks finish in the red following last week's big gains. Citi Chief U.S. Equity Strategist Scott Chronert explains why he just cut his year end price target on the S&P 500 and why he sees more volatility ahead. IBM CEO Arvind Krishna reveals whether inflation and economic concerns are impacting tech enterprise spending. Mizuho's Dan Dolev reacts to reports that crypto exchange FTX could be eyeing a deal for Robinhood. And Bernstein's Toni Sacconaghi says he sees upside to Apple TV+ and discusses what that means for Apple's stock.
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