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WSJ Your Money Briefing

What’s News in Markets: McDonald’s Outbreak, Fashion Merger, Spirit’s Wild Ride

WSJ Your Money Briefing

The Wall Street Journal

Business News, News

4.11.7K Ratings

🗓️ 26 October 2024

⏱️ 5 minutes

🧾️ Download transcript

Summary

How has an E. coli outbreak affected McDonald’s? And how did fashion stocks Tapestry and Capri trade after a judge blocked their $8.5 billion deal? Plus, what’s driving turbulence in Spirit Airlines stock? Host Francesca Fontana discusses the biggest stock moves of the week and the news that drove them. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Exchanges. The Goldman Sachs Podcast featuring exchanges on the forces driving the markets and the economy.

0:07.5

Exchanges between the leading minds at Goldman Sachs.

0:11.0

New episodes every week.

0:13.4

Listen now.

0:16.4

Hey listeners, it's Saturday, October 26th.

0:19.7

I'm Francesca Fontana for the Wall Street Journal,

0:22.3

and this is What's News and Markets.

0:24.2

Our look at the biggest stock booths of the week and the news that drove them.

0:28.0

Let's get to it.

0:29.4

All eyes were on earnings this week, and there was no shortage of results for investors to

0:33.7

digest according to facts that we had reports from more than 110 S&P 500 companies

0:39.2

including seven members of the Dow and there were some big names in there, including Coca-Cola,

0:44.4

IBM, and Tesla. So during the week we got to see how some of these reports affected the

0:49.2

overall market. For instance, when Tesla's better than expected earnings sparked a big rally in its chairs on Thursday,

0:55.7

a 22% jump to be exact, which led other tech stocks higher as well.

1:00.5

Speaking of tech stocks, a spoiler for next week, some more of the so-called

1:05.5

Magnificent Seven tech giants will be reporting their latest results.

1:09.6

Alphabet, Microsoft, Meta platforms, Amazon.com, so lots of tech news coming our way then.

1:16.2

All in all, the major index is ended the week mixed.

1:19.1

The S&P 500 and the Dow posted their first weekly decline since the start of September,

1:24.1

snapping their six-week winning streaks, while the NASDAQ rose for a seventh consecutive week.

1:32.3

First up, let's talk McDonald's.

...

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