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Hey, listeners.
It's Saturday, December 13th.
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.
This week was Fed Week, everybody.
The Federal Reserve announced its interest rate cut on Wednesday, a quarter point cut.
The central bank decision was a big headline of the week.
We also saw the continuing trend of AI anxiety.
concerns about the stability and longevity of the artificial intelligence boom,
which weighed on technology stocks.
I'll highlight a couple of those stocks in a little bit.
The Nasdaq and S&P 500 both ended lower for the week,