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WSJ Your Money Briefing

What’s News in Markets: Meta’s Ads, Moderna’s Health, Intel’s Struggles

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.81.6K Ratings

🗓️ 3 August 2024

⏱️ 5 minutes

🧾️ Download transcript

Summary

How is Meta’s advertising business doing? And is Moderna in trouble after the end of the pandemic? Plus, why did Intel’s stock short-circuit? 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

If just thinking about your bills makes you feel confused and disorientated,

0:05.0

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0:08.0

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0:10.0

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0:15.0

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0:18.0

UK residents, Tease and see supply.

0:27.3

Hey what's news and markets.

0:32.0

Our look at the biggest stock moves of the week

0:34.1

and the news that drove them.

0:35.7

Let's get to it.

0:36.8

Goodbye July, hello, August.

0:39.4

This week, traders had a lot to digest,

0:41.4

including several quarterly reports from some members of the

0:44.4

Magnificent Seven, which we'll get to in a moment, and the Federal Reserve Policy

0:49.4

Decision on Wednesday, the last day of July.

0:52.4

We didn't get much of a surprise.

0:54.1

The Fed is keeping interest rates where they are

0:56.2

while looking ahead to a possible rate cut in September,

0:59.3

but the report still propelled stocks higher Wednesday.

1:02.2

With the Tech Heavy NASDAQ index

1:03.8

notching its best day since February. But in this case what went up also came down.

1:09.4

On Thursday we kicked off the new calendar month with weak economic data relating to employment, manufacturing, and construction,

...

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