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Hey listeners, it's Saturday, September 7th.

I'm Francesco Fontana for the Wall Street Journal and this is

what's news in markets. Our look at the biggest stock moves of the week and the

news that drove them. Let's get to it. Hope you all had a great Labor Day weekend. The holiday, as you know, meant that our first September week of trading was a short one.

markets closed Monday. On Tuesday, the gloom was back, with major indexes notching their worst day in nearly a month

thanks to weak manufacturing data that rekindled these ongoing concerns about the

health of the economy. Then on Wednesday we heard from the Labor Department, which said U.S. job openings in July fell more than expected.

So investors were pretty on edge ahead of Friday's monthly jobs report, which stood to influence how big the Fed's expected interest rate cut will be later this month.

That report showed that U.S. job growth rebounded in August.

That was an uptick from July data that, as we saw last last month sparked recession fears and rattled markets

around the world. This week's mixed labor data didn't give traders the clarity that

they were hoping for and as you might expect the gloom only got worse for stocks on

Friday. All in all the three major indexes ended the week lower. The NASDAQ

lost nearly 6%, the S&P 500 fell about 4% and the Dow Jones industrial average slipped about 3%.

Economy worries weren't the only thing that had the market down this week.

Let's talk about tech stocks.

Specifically, the chipmakers at the center of the AI craze that powered huge rallies earlier this year.

The tide has changed a bit now and they're getting hit by concerns that AI demand won't live up to these

...