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Hey listeners, it's Saturday, October 12th.

I'm Francesca 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. You know stocks have been pretty upbeat lately with strong economic data

offsetting the rising tensions in the Middle East and all the uncertainty

around the elections here in the US. Monday was a bit of a different story.

Investors found enough to worry about all of the above, plus the strengthening of Hurricane

Milton, to pull the stock market back a bit.

But we saw some of that upbeat attitude make its

return with the S&P 500 and the Dow closing at records on Wednesday as

traders turn their focus towards earning season. The Big Banks, J.P. Morgan Chase, Wells Fargo, kick things off on Friday with some better than expected results and some reassuring signs about the broader economy, with J.P. Morgan's CFO suggesting that the Fed has achieved a so-called

soft landing with lower inflation and healthy growth.

To be sure, the Fed's big rate cut will take some time to work its way through the financial system, but the bank's earnings

do bode well for the American consumer.

All three major indexes notched weekly gains, with the Dow and S&P 500 both hitting new records at the end of Friday's session.

First up, Super Micro Computer stock got a super boost on Monday. The server maker announced positive shipment data saying

that it recently deployed more than 100,000 liquid cooled graphics chips to large AI factories.

So long story short, good news for demand.

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