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slash Wall Street.

Hey listeners, it's Saturday September 21st. 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. Great cut, great cut, great cut, great cut. Because we are very cool, that is what a few of my friends and I were chanting at each other going into this week because after waiting and waiting since the start of the year

markets finally got an interest rate cut from the Federal Reserve on Wednesday.

Traders pretty much knew a cut was coming but what was surprising to some was the size. Many were

expecting a quarter percentage point, 25 basis points, but nope we got 50, a whole

half percentage point. For all the excitement, the stock market didn't explode into a rally Wednesday afternoon, but the next day we saw the exuberance we expected, which pushed the S&P 500 to its first record high since mid-July,

and the Dow closed above 42,000 points for the first time.

So the party started a little late,

and it ended a little early.

Mark its sobered up Friday

with the major index's ending mixed mixed but they still manage to notch weekly gains. One stock that really shot for the moon this week was intuitive machines.

That's the space exploration company that landed a vehicle on the moon earlier this year, you know,

bringing the US back to the moon for the first time in 50 years.

I guess the pun lands better with that context, especially if you also know that the stock's ticker is lunar, L-U-N-R. I love it.

On Tuesday, Intuitive announced that it was awarded a NASA contract worth up to $48 billion dollars to provide communication and

navigation services for the Artemis campaign, aimed at establishing a long-term

U.S. presence on the moon. I find this so interesting because we're seeing more and more of this privatization of typically

...