O. C.I. is the single platform for your infrastructure, database, application development, and AI needs.

Do more and spend less like Uber 8 by 8 and Databrics Mosaic.

Take a free test drive of OCI at oracle.com

slash Wall Street.

Hey listeners, it's Saturday, August 17th. 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 him. Let's get to it. Last week was a market freak out. This week was a total 180.

Last week was all about recession fears and fed worries and lots of turmoil,

but this week we got a lot of reassuring data on the U.S. economy,

plus on Thursday two Federal Reserve officials

signaled that they could support a September interest rate cut.

And just like that, stocks were erasing those losses and bouncing back from that early August meltdown.

All in all, each of the three major stock indexes had its best week of the year.

The S&P 500 gained 3.9% this week,

while the Dow Jones Industrial Average rose 2.9%,

and the NASDAQ composite ended 5.3% higher.

Two big companies switched up their CEOs this week and in doing so they served up some pretty big stock moves.

First, Starbucks gave its shares a jolt, if you'll pardon the coffee pun, after it said it's bringing on Brian Nickel, Chief Executive of Chipotle

Mexican Grill as its next leader. Nickel slated to take over as Starbucks CEO and Executive Chairman

of its board on September 9th.

Investors welcome the change, and the stock ended up gaining a whopping 25% on Tuesday,

holding on to the line share of those gains the rest of the week.

...