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slash Wall Street.

Hey listeners, it's Saturday, April 20th. I'm Francesca 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. Investors started 2024 with high hopes

for interest rate cuts from the Fed but those hopes are fading fast and as a

result we're seeing the inflation blues weighing on the stock market which had been riding some great

rate cut fueled rallies so far this year. Over the past three months I feel like every

week or so I was telling you guys about some new record high that stocks were hitting, but not so much in April, and certainly not this week.

The S&P 500 and the NASDAQ ended the week lower, and the Dow ended the week just about flat.

Why don't we talk about some good news?

Let's talk about airline stocks.

I know it's been a rocky start to the year for air travel, really anything related in any way to Boeing,

with all of its malfunctions and quality issues and delayed plane deliveries, but United Airlines soared above all of that this week

when it posted better than expected quarterly results. On Wednesday the company

posted a jump in first quarter revenue thanks to strong flight demand and said it would have

posted a profit if not for a recent Boeing grounding. I've got some numbers for

you. So United's earnings took a 200 million dollar hit from that which is not

nothing but its first quarter loss came in at

a hundred and twenty four million dollars, which was smaller than its a hundred and ninety four

...