What’s News in Markets: IBM’s Warning, Apple’s Comeback, Wall Street Cashes In

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  Hey, listeners.

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  It's Saturday, July 18th.

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  I'm Imani Moise for The Wall Street Journal.

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  And this is what's news in markets.

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

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  Let's dive in.

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  U.S.

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  Stocks fell this week as investors waged strong earnings

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  and a better-than-expected inflation report against rising oil prices.

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  June's Consumer Price Index came in below economists' estimates, easing fears of an immediate interest rate hike.

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  But renewed fighting in the Middle East pushed oil prices higher, raising concerns about where inflation goes from here.

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  Chip stocks also slumped during another volatile week for the AI trade.

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  Overall, the Nasdaq led the losses, falling 2.9 percent.

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  The S&P 500 declined 1.6 percent.

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