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slash Wall Street.

Hey listeners, it's Saturday, August 10th. I'm Francesco Fontana for the Wall Street Journal and this is

what's news and markets. Our look at the biggest stock moves of the week and the

news that drove them. Let's get to it. It has been a long week for traders, a long and volatile week.

Monday, which feels like a month ago already, was when markets melted down.

The panic started with the Japanese markets and spread across the globe,

with the Dow losing more than a thousand points on growing fears of a US recession.

We saw the start of a rebound on Tuesday, fizzled out on Wednesday then we saw

another rebound on Thursday with the S&P 500 posting its best day in nearly two

years after a better than expected jobless claims report.

And by Fridays closing, the whirlwind week ended nearly right where it began.

Now that doesn't mean we're out of the woods in terms of volatility, what with all the

recession talk, political uncertainty in the US and overseas,

and questions of whether the AI hype has been totally overblown.

But all in all, the S&P 500 finished Friday just half a percent below where it started the week.

The Dow Jones Industrial Average ended the week 0.7% lower and the NASDAQ composite ended just 0.2% lower.

Speaking of Monday's markets mayhem, let's talk about the Magnificent Seven,

the so-called group of tech stock giants, say him with me,

alphabet, Amazon, Apple, meta platforms, say them with me alphabet Amazon Apple

...