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, September 20th. 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.

Stock investors cheered after the Federal Reserve

delivered a long-awaited interest rate cut this week.

The central bank cut its benchmark rate

by a quarter percentage point

at the conclusion of its September meeting on Wednesday,

and officials projected two more rate cuts by the end of this year.

The cuts, which are coming after months of data showing a weakening labor market, are intended

to stimulate the economy by making it cheaper tomorrow.

All three major stock indexes hit records this week, but that doesn't mean all of Wall Street is confident about the economic outlook.

Index gains have been juiced by a handful of trillion-dollar tech companies, and lower rates also tend to boost stocks by making bonds look comparatively less attractive.

Traders will be closely watching labor market data the rest of the year to see

why their job gains begin to accelerate again. Any prolonged downturn in the labor market is likely

to impact consumer spending and the stock market. For the week, the SMP 500 added 1.2%, while

the Dow was 1.1% higher. The tech-heavy NASDAQ composite rose 2.2%. Intel launched a badly needed victory this week. On Thursday, the iconic US chipmaker announced that AI darling Nvidia will be making a $5 billion investment in Intel as part of a

new product partnership. The investment pairs Nvidia, now the world's most valuable company,

with Intel, which has struggled for years as it fell almost completely out of the AI conversation.

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