What’s News in Markets: SpaceX’s Rocky Flight, Oil Slides, Fed Fallout

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Imani Moise· Host0:29

[upbeat music] Hey, listeners. It's Saturday, June 20th. I'm Imani Moise 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 dive in. It was a short week for markets due to the Juneteenth holiday, but there was no shortage of market-moving headlines. Investors cheered the strongest sign yet that the US and Iran are moving closer to a lasting peace deal. They also got a reality check from the new chair of the Federal Reserve, who made it clear that he wants a less predictable and less talkative central bank. And in the background, the AI-fueled rally that has powered markets for much of this year showed no sign of slowing. Overall, markets ended higher. The tech-heavy NASDAQ led the way, gaining nearly two-and-a-half percent for the week. The S&P 500 added .9%, while the Dow rose .7%. The peace