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Hey listeners, it's Saturday, December 21st. I'm Karen Langley 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. This week turned into a rocky one for markets. Things started out steadily enough.

Then came Wednesday, when the Federal Reserve signaled it might keep interest rates higher

than next year than investors had expected.

This was not music to investors' ears.

The Dow tumbled more than 1,100 points while the Russell 2000 lost 4.4%. That made Wednesday the

worst day in two and a half years for the Russell in index of smaller publicly traded

companies. Investors had been thinking that additional rate cuts next year would help stocks keep

powering higher, so learning that the central bank may make fewer cuts than

expected was an unpleasant surprise. While stocks climbed Friday, they still ended the week lower.

The S&P 500 fell 2% for the week, while the Dow lost 2.3%, and the NASDAQ dropped 1.8%.

With the holidays coming up, it's a big time for eating.

But this week, food-related stocks were telling different tales.

Shares of Darden restaurants, the owner of Olive Garden,

soared almost 15% on Thursday to an all-time high. That was after Darden had better than expected sales last quarter. With consumers still cringing at higher prices after all that

inflation, Darden has been prominently advertising its value meals and ran its Olive Garden

unlimited pasta deal for longer than last year.

Things didn't go so well for French fry maker Lamb Weston.

Shares plunged 20% Thursday after the company replaced its CEO

and cut its full year guidance for a second straight quarter.

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