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Hey listeners, it's Saturday, September 27th. I'm Jack Pitcher 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.

Stocks opened hot this week when all three major indexes set records on Monday.

But markets lost steam as the week went on, and not for any lack of

good economic news. The government's final estimate of second quarter GDP growth came in at a strong

3.8 percent, compared with a prior estimate of 3.3%. Meanwhile, weekly jobless claims showed a drop in

the number of Americans who newly filed

for unemployment, and monthly durable goods orders bounced back.

All three data points back up the idea that the AI-powered American economy is just fine,

and in fact is set to heat back up.

That's the very view that's pushed stocks to record after record in recent weeks.

So what gives?

Well, skeptics point out the historically expensive valuations for top tech stocks and signs of stress among lower-income consumers.

But for now, markets aren't all that phased, finishing Friday just under records.

For the week, the S&P 500 dropped 0.3%, while the Dow was 0.1% lower.

The tech-heavy NASDAQ fell 0.7%.

The good times keep rolling for Intel.

A Wall Street Journal report Thursday, the chip maker has approached both Apple and Taiwan's

...