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WSJ Your Money Briefing

What's News in Markets: Black Friday Bump, GM Buyback, Tesla Cybertruck

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.81.6K Ratings

🗓️ 2 December 2023

⏱️ 5 minutes

🧾️ Download transcript

Summary

Which companies benefited most from strong Black Friday sales? And how did investors react to Tesla’s Cybertruck launch and General Motors’ massive stock buyback plan? Host Francesca Fontana discusses the biggest stock moves of the week and the news that drove them. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

First, the bad news.

0:01.6

SAP Business AI won't generate amusing holiday cards.

0:04.7

But it will personalize career paths for your people

0:06.9

and let you know which suppliers are best,

0:08.7

so you can be ready for the next opportunity.

0:10.7

Revolutionary technology, real world results.

0:13.4

That's SAP Business AI.

0:15.0

Hey your money briefing listeners, I'm Francesca Fontana for the Wall Street Journal.

0:23.0

Every week I write a column for the journal called The Score.

0:26.0

It's a look at the biggest stock moves of the week and the news that drove them.

0:30.0

We've heard that a lot of you can't get enough of our markets coverage,

0:33.0

so we're going to be trying something new and bringing you what's news in the markets

0:36.6

each Saturday for the next few weeks.

0:38.8

Take a listen and let us know what you think.

0:46.3

This was a November to remember for the stock market. On Thursday we wrapped up the best month for stocks in more than a year putting an end

0:50.1

to a three-month losing streak. Now investors are watching to see

0:54.1

whether the market can keep up the pace in December and whether we'll end

0:57.8

2023 with a Santa rally, a magical year-end market pop. Since 1950, the S&P 500 has traded higher

1:06.0

about 78% of the time during that period,

1:08.0

the last five trading days of the year,

1:10.0

and the first two of the new year.

1:12.0

Market buffs may not believe in Santa, but they do believe in the Santa rally.

...

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