2025-08-23
5 分钟Hey, listeners, your money briefing is on a break,
but we'll be back with more personal finance information for you in the future.
Until then, here's the news moving markets this week.
Hey, listeners, it's Saturday, August 23rd.
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.
The summer stock rally was starting to lose some momentum early in the week,
which was filled with earnings updates from big-name companies as well as jitters ahead of a key Federal Reserve speech on Friday.
We'll go through some of the key earnings in a bit,
but let's focus on Fed Chair Jerome Powell's speech at the annual Jackson Hole Summit in Wyoming.
Now, Wall Street was ready to be disappointed.
going into Friday's speech, with many expecting hawkishness,
aka focus on controlling inflation via high interest rates.
However, Powell struck a different, more dovish tone,
opening the door for the central bank to cut rates next month.
And that sparked big rallies in the stock market.
And as a result, we saw the three major indexes all close higher on Friday.
And the Dow notched its first record close of the year.
On a weekly basis, the Dow gained 1.5%, the S&P edged about 0.3% higher, while the Nasdaq fell 0.6%.