Hey, listeners, it's Saturday, October 11th.

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.

The stock market was chugging along this week, with indexes hitting records and shrugging

off some doubts

about the AI boom.

Then, on Friday, things took a turn, a pretty steep one.

U.S. stocks gave up their gains for the week on Friday after President Trump posted on

Truth Social that he may cancel a planned meeting with China's leader and threatened a, quote, massive increase in tariffs on products from China.

We saw chip stocks take a tumble, so did oil prices, but do you know what was up? Good old fear.

Wall Street's fear gauge, aka the Cibo Market Volatility Index, was flying higher, with its percentage gain hitting

double digits during Friday's session. All in all, the three major indexes ended the week

lower. The S&P 500 fell 2.4%, the Dow fell 2.7%, and the NASDAQ fell 2.5%. We just went over what went wrong, so to speak, in the stock market.

What went right?

Well, one sector that got some good news was airline stocks.

We're talking about Delta Airlines, which, did you know, is the biggest U.S. carrier by market cap.

If you didn't, now you do. And this week, investors were celebrating Delta's earnings and sales

beat in its latest quarterly report, showing a recent recovery in travel demand. The company said

it expects that demand to continue to bounce back, and it's aiming for a record holiday season.

Now, remember, this sunny outlook is a pretty big departure, pardon the pun, from earlier this year,

when geopolitical tensions and tariffs weighed down demand.

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