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WSJ Your Money Briefing

What’s News in Markets: United Soars, CVS Warns, Netflix Shines

WSJ Your Money Briefing

The Wall Street Journal

Business News, News

4.11.7K Ratings

🗓️ 19 October 2024

⏱️ 5 minutes

🧾️ Download transcript

Summary

How did rivals help United take off? And what has investors worried about the health of CVS? Plus, why Netflix shares jumped. Host Francesca Fontana discusses the biggest stock moves of the week and the news that drove them. Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

exchanges, the Goldman Sachs podcast featuring exchanges on rates, inflation and US

0:11.2

recession risk exchanges on the market impact of AI.

0:15.0

For the sharpest analysis on forces driving the markets and the economy

0:20.0

count on exchanges between the leading minds at Goldman Sachs.

0:24.0

New episodes every week.

0:26.0

Listen now.

0:30.0

Hey listeners, it's Saturday, October 19th.

0:35.0

I'm Francesca Fontana for the Wall Street Journal,

0:39.0

and this is What's News and Markets,

0:41.0

our look at the biggest stock moves of the week and the news that drove them.

0:45.3

Let's get to it. Welcome back, everybody. I have got some breaking news for you.

0:50.0

Between last episode and right now, I have turned another year older.

0:54.4

I am very excited to be in my 30s. From what I have heard, it should be any day now that I get totally

0:59.4

bold over by self actualization. That is what happens in your 30s, right? I don't know. We'll see.

1:06.4

In other equally important news, earning season kept rolling on this week with more good signs from

1:12.1

banks. We also saw a sell-off in chip stocks

1:15.1

on Tuesday amid some mounting AI worries which were quelled and then some later in the

1:20.4

week by T. S. M. C. M. C. but more on that later. And on Wednesday the S&P 500 got a lift from banks

1:26.7

as well as airline stocks after United Airlines earnings. But we'll come back to that too.

1:32.1

All in all, the major indexes

1:34.2

extended their weekly winning streak, with the Dow gaining 1%, the S&P adding 0.9%,

1:40.4

and the NASDAQ adding 0.8%. percent.

...

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