Hey listeners, it's Saturday, September 28th.

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. Last week's rate cut was a big breath of fresh air for markets and

the rally kept on going this week thanks in part to more economic good news.

We got strong readings from jobless claims and other data.

Plus on Friday, we got the latest from the Fed's favorite inflation gauge, the Personal Consumption Expenditures Program. the

personal consumption expenditures price index or PCE.

And that came in lower than expected.

Plus this week, China's Central Bank

unveiled a bunch of stimulus measures, including a rate cut of its own.

As a result, Chinese stocks had a total banner week, and we saw the ripple effects across

global markets.

European companies that make luxury goods, which have been suffering

from weaker Chinese sales, their shares got a boost, commodity prices got a lift, and so did US-listed

shares of Chinese companies. All in all, all three indexes

ended higher on a weekly basis. The Dow Jones Industrial average and the

S&P 500 each added about 0.6 percent and the Tech Heavy NASDAQ rose about 1%.

Looking at specific stocks, let's start with Southwest,

where a new vision is taking flight, you might say.

Southwest, a pioneer in budget air travel, is known for its open seating policy.

It's one of the things that makes Southwest Southwest. Not anymore. The company said that next year it's going to start selling

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