Hey, listeners, your money briefing is on a break, but we'll be back with more personal finance

information for you in the future. Until then, here's the news moving markets this week.

Hey listeners, it's Saturday, August 23rd. 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.

The summer stock rally was starting to lose some momentum early in the week, which was filled

with earnings updates from big-name companies as well as jitters ahead of a key Federal Reserve

speech on Friday. We'll go through some of the key earnings in a key Federal Reserve speech on Friday.

We'll go through some of the key earnings in a bit, but let's focus on Fed Chair Jerome Powell's speech

at the annual Jackson Hole Summit in Wyoming.

Now Wall Street was ready to be disappointed going into Friday's speech, with many expecting hawkishness, a.k.k.a. focus on controlling

inflation via high interest rates. However, Powell struck a different, more doveish tone,

opening the door for the central bank to cut rates next month. And that sparked big rallies in the

stock market. And as a result, we saw the three major indexes all close higher on Friday.

And the Dow notched its first record close of the year.

On a weekly basis, the Dow gained 1.5%.

The SMP edged about 0.3% higher, while the NASDAQ fell 0.6%.

First up, Home Depot shares built up a solid gain on Tuesday in spite of a mixed bag of a quarterly report. The home improvement chain

posted results that missed expectations, including adjusted earnings, and this is a tough time

for retailers across the board,

but we got a peek at the specific troubles in the home improvement market. Home Depot said it was

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