What’s News in Markets: Walgreens Talks, Alphabet’s Quantum Leap, Cruise Control
WSJ Your Money Briefing
The Wall Street Journal
4.1 • 1.7K Ratings
🗓️ 14 December 2024
⏱️ 6 minutes
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| 0:00.0 | SAP Business AI is AI that solves actual business problems, like predicting what your customers want before they know they want it, or making sure there are no weak links in your supply chain. |
| 0:10.3 | Revolutionary technology, real world's results. That's SAP Business AI. |
| 0:17.8 | Hey listeners, it's Saturday, December 14th. |
| 0:21.0 | I'm Francesca Fontana for the Wall Street Journal, and this is What's News and Markets. |
| 0:25.4 | Our look at the biggest stock moves of the week and the news that drove them. |
| 0:29.9 | Let's get to it. |
| 0:31.2 | All right, guys, next week is the big week. |
| 0:34.2 | The Fed will have another interest rate decision for us, the last one of the year. |
| 0:38.3 | And it seems like we've all settled on expecting a quarter percentage point cut, especially |
| 0:43.3 | after investors got to digest Wednesday's Consumer Price Index data, which was in line with |
| 0:48.3 | consensus expectations and bolstered confidence that we have a cut coming our way. |
| 0:53.3 | Other stories we saw playing out in stocks this week |
| 0:56.0 | include developments in the so-called U.S.-China chip war, |
| 0:59.2 | with Beijing announcing an antitrust probe of NVIDIA, |
| 1:02.7 | the AI poster child stock. |
| 1:04.9 | And speaking of big tech, we saw some big moves from Oracle and Alphabet, |
| 1:09.0 | but we'll come back to those in a bit. |
| 1:11.1 | Now let's look at the indexes. |
| 1:12.9 | The S&P 500 and Dow Jones Industrial Average ended up each posting weekly declines. |
| 1:18.2 | Meanwhile, the NASDAQ composite secured its fourth consecutive week of gains. Looking at individual movers from the week, let's talk about Walgreens. |
| 1:31.9 | The stock's been pretty under the weather, due to mounting pressure on its pharmacy and retail |
| 1:36.6 | businesses. But things turned around on Tuesday after the Wall Street Journal reported |
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